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Fri Jun 15, 2012 4:51AM
French President Francois Hollande

French President Francois Hollande

French President Francois Hollande has warned the Greek nationals that they could be pushed out of the eurozone if they voted in favor of anti-bailout parties in the country’s repeat election. Only days ahead of the upcoming election in Greece, the new French president warned the Greek people that if they planned to vote to move away from the bailout commitments, the eurozone partners would want Athens to leave the bloc. The Greeks will head to second election on Sunday, after May 6 votes failed to give any party enough seats in parliament to form a government. The leaders of the conservative, radical left and socialist parties, which took the top three places in the elections, also failed to build a coalition. In an interview with Greek Mega Channel television, Hollande acknowledged the Greek people’s rights to determine their future. However, he also warned that “if the impression is given that the Greeks want to move away from the commitments that were taken and abandon all prospects of revival, then there will be countries in the eurozone that will want to end the presence of Greece in the eurozone.” The political turmoil in Greece has so far affected the global markets, and raised fears that it could leave the single currency area, if the next government does not comply with the austerity measures imposed by its European neighbors in exchange for endorsement of the second financial bailout. The recent opinion polls showed that Greece’s leftist Syriza party, which opposes the bailout deal, is running close with the conservative New Democracy party, which backs the rescue deal. However, some other unpublished "secret polls" suggest that Syriza will get a thumping victory. Earlier this week Syriza leader Alexis Tsipras said that if elected in Sunday's election, he would scrap the country’s bailout deal. "The bailout deal is already in the past. It will be history for good on Monday," he said. SAB/JR/AZ
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