World Economy

End ‘Financial Blackmail’

End ‘Financial Blackmail’End ‘Financial Blackmail’

French President Francois Hollande received an appeal from a group of lawmakers including some from the ruling Socialist Party and other political figures to end the “financial blackmail” of Greece by its European creditors, Bloomberg reported. The message of France “cannot be a docile reminder of the rules at a time when the house is burning,” the lawmakers said in an open letter to Hollande published on the website of France’s Communist Party. “We are asking you to take the initiative to unblock the talks between the euro group and the Greek political authorities.” The letter highlights the domestic political pressure Hollande faces to help broker a deal between Greece and its creditors as the region’s most indebted nation is on the brink of a default. German Chancellor Angela Merkel and Hollande spoke by phone on Friday after a meeting of eurozone finance ministers failed to advance toward an agreement with Greece.