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    European Commission President Expects Greece to Stay in Eurozone

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    European Commission President Jean-Claude Juncker believes that Greece is a "permanent member of the euro family" and will remain a Eurozone member.

    MOSCOW (Sputnik) – Greece’s exit from the Eurozone will not happen, European Commission (EC) President Jean-Claude Juncker said Friday in an interview with the Wirtschafts Woche newspaper.

    “I think that Greece is a permanent member of the euro family… a Greek exit will not happen,” Juncker said ahead of a new round of negotiations with Athens over Greece’s bailout plan.

    Greece's new government, which came to power January, is pledging to cancel the austerity measures imposed in the country by a troika of creditors comprising the European Union, the European Central Bank and the International Monetary Fund.

    Greece also wants to extend its international bailout by six months, in order to find additional financing.

    Athens has so far failed to re-negotiate the bailout conditions on its $270-billion debt to the troika. The deadline of Greece’s current bailout program expires on February 28.

    Speculation about Greece’s possible exit from the Eurozone monetary union started back in 2012 amid the country’s financial crisis. As Greek financial problems persisted and even intensified, in 2015 discussions about Greece’s exit from the Eurozone surfaced again.

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    European Commission, Eurozone, Jean-Claude Juncker, Greece
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