The finance ministers of France and Italy agreed with Greek counterpart Euclid Tsakalotos on a more flexible treatment for Portugal and Spain during the Eurogroup meeting in Brussels on Monday, government sources said.
Initially, only Tsakalotos supported the two countries but after his speech, Michel Sapin and Paolo Gentiloni eventually used the Greek minister’s argument that after the Brexit, maintaining a hard line on fiscal issues sends a very wrong signal to the markets.
Ahead of the meeting, Prime Minister Alexis Tsipras had told Tsakalotos to “strongly support” Spain, Portugal and Italy.
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