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Sapin: Greek “No” vote could lead to Grexit, “Yes” to fresh talks

Anti-EU protesters are seen through a burned and torn European Union flag

A “no” vote in Greece’s referendum on cash-for-reforms proposals could lead to Athens leaving the euro zone, while its euro zone partners would immediately get back to working on a deal if the outcome was “yes,” French Finance Minister Michel Sapin said.

France had led a diplomatic push to reach a deal before Sunday’s referendum but gave up when Prime Minister Alexis Tsipras announced on Wednesday afternoon that he would press ahead with the vote, Sapin said.

“You cannot reach a deal with someone who tells you ‘No’,” he said of the Greek government. Euro zone finance ministers all agreed on that stance in a conference call that followed Tsipras’s comments, Sapin told iTELE in an interview.

France wants Greece to stay in the euro, he said.

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