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Hollande: Greece’s reform program trustworthy

July 10, 2015, 13:31 UTC+3 PARIS
Thus, Athens demonstrated its intention to stay in the Eurozone, the French president Francois Hollande says
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French President Francois Hollande

French President Francois Hollande

© Olivier Hoslet/Pool Photo via AP

PARIS, July 10. /TASS/. Greece’s reform program is trustworthy, French President Francois Hollande said on Friday.

"The Greek government has presented a reform plan in accordance with the decision made at Eurogroup summit," Hollande said. "This is a serious and trustworthy program," he added. "Greece thus demonstrated its intention to stay in the Eurozone," the president noted.

French Economy Minister Emmanuel Macron said earlier that significant progress has been made over the last two days in settling Greece’s debt crisis. "The level of proposed reforms is in line with [Eurogroup’s] expectations," Macron stressed.

Western media reported that the Greek government put forward a plan of radical reforms that includes increasing taxes for shipping companies, cancelling VAT (value-added tax) exemptions for Greek islands, increasing VAT for restaurants, as well as reforming the pension system and scheduling privatization of state property.

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