BRUSSELS (Sputnik) — The European Commission head added that the deadline for Greece to present its proposals to lenders expires on Friday at 08:30 Brussels time (GMT 06:30).
"We have a Grexit scenario prepared in detail."
Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank, the International Monetary Fund and eurozone countries
On Sunday's referendum more than 61 percent of the Greek voters refused to accept creditors-proposed bailout plan that envisaged spending cuts and tax increases in exchange for additional assistance.
On Monday, European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis said that Greece’s exit from the euro currency zone cannot be ruled out if Athens does not present credible and comprehensive proposals for reform to its creditors.
EU Ready to Come Back to Greek State Debt Issue in October
The European Union is ready to come back to the discussions of the issue of Greek state debt in October, Jean-Claude Juncker added.
“We are ready to come back to debt-related issues in October, after having heard the commitments for the next, coming months,” Juncker told reporters.
