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Greece is not leaving the euro zone says French minister

Finance minister Michel Sapin insisted there would be no 'Grexit' despite collapse of latest talks and a referendum in Greece.

La rédaction de Mediapart

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Greece will remain in the euro zone despite the collapse of talks with creditors to avert default, France's finance minister Michel Sapin said on Saturday, saying that Paris was always ready to restart talks, reports Reuters.

"This is not a Greek exit from the euro zone," he told reporters following a meeting of euro zone ministers.

"The 18 countries, apart from Greece, all said clearly that Greece was in the euro and should remain in the euro whatever the difficulties of the moment," he added.

Read more of this report from Reuters.