'Keeping Greece in the euro and therefore in the heart of Europe and the EU is something of the utmost geostrategic and geopolitical importance. Allowing Greece to leave would be an admission of impotence.'
- French Prime Minister Manuel Valls
A RELIEF European stock, bond and euro rally reflects hopes that creditors would accept the proposals of Greek premier Alexis Tsipras. The outcome, however, is unpredictable and optimism may be premature.
The key is whether the French and European Community (EC) leaders,...