European Commission Vice President Not Ruling Out Grexit

© REUTERS / Alkis KonstantinidisPeople stand next to a fluttering Greek national flag at the ancient site of the Athens' Acropolis as marble columns of the Temple of the Olympian Zeus are seen on the right June 7, 2015
People stand next to a fluttering Greek national flag at the ancient site of the Athens' Acropolis as marble columns of the Temple of the Olympian Zeus are seen on the right June 7, 2015 - Sputnik International
Subscribe
Greece’s exit from the Eurozone cannot be excluded if Athens does not present credible and comprehensive proposals for reform to its international creditors, European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis said Tuesday.

BRUSSELS (Sputnik) – A clear and credible strategy is needed to get Greece out of the financial crisis and return the country to economic growth, Dombrovskis said.

"Certainly, [Grexit] is not our aim, it’s not our intention. We are working towards the scenario where we could reach an agreement but if trust is not rebuilt, if there is no credible reform package in place, it cannot be excluded," Dombrovskis said.

A worker adjusts flags ahead of the meeting between Greek Prime Minister Alexis Tsipras and European Commission President Jean-Claude Juncker at the EU Commission headquarters in Brussels, Belgium, June 3, 2015 - Sputnik International
Grexit Would be Terrible Mistake - EU Commissioner
The commissioner spoke ahead of the emergency Eurogroup's meeting and the Eurozone summit following a referendum in which austerity measures demanded by Athens' major international creditors had been rejected by over 61 percent of Greeks in a nationwide referendum.

The vote result has renewed fears that Greece will default on its outstanding multi-billion dollar debt and leave the Eurozone.

Earlier in the day, Greek Deputy Defense Minister Costas Isychos told Sputnik that Athens would make a proposal on Tuesday to reach a successful bailout deal between the debt-ridden country and its international lenders.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала