MOSCOW (Sputnik) — The Eurozone will collapse unless the European Union corrects the mistaken idea the alliance was built upon, Greece's ruling Syriza party’s Deputy and Chairman of Committee on Economic Affairs Stefanos Samoilis told Sputnik on Friday.
"The project of united Eurozone and a common European currency was initially based on the erroneous idea. And if Europe does not correct this mistake, the system will collapse, regardless of whether Greece leaves the Eurozone or not," Samoilis said.
Greece's exit from the Eurozone is undoubtedly the most negative scenario for all parties, the lawmaker stressed.
The austerity measures imposed on Greece by its creditors will lead to the deterioration of the Greek economy and the aggravation of the crisis tendencies in the country, according to Samoilis.
Greece and its lenders, including the International Monetary Fund (IMF), the European Commission and the European Central Bank, are currently negotiating a debt relief deal.
Earlier on Friday, the Greek Foreign Ministry confirmed that the country would delay a $330-million debt payment to the IMF that was due on Friday. The country has to transfer over $1.7 billion to the fund by June 19.
The country’s outstanding national debt that emerged following the 2008 economic crisis is estimated at some $350 billion.
