14:09 GMT +320 October 2019
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    Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens

    Greek President Cannot Imagine Country’s Eurozone Exit

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Greece made huge efforts to join Europe in the 1970s and Grexit is inadmissible, president Prokopis Pavlopoulos said.

    BERLIN (Sputnik) – Greek President Prokopis Pavlopoulos expressed on Monday his strong opposition to Greece's possible exit from the euro area, German media reported.

    There has been broad media speculation about Greece's possible eurozone exit recently, as Athens was reportedly considering defaulting on its immense debt, which stands at in excess of $350 billion, to international creditors. The Balkan country is now being pressed to implement reforms to unlock the next bailout package.

    "The thought of Grexit does not even enter my mind," Pavlopoulos told Germany's Der Spiegel. The president added that Greece made huge efforts to join Europe in the 1970s, that is why it is "not conceivable to see Greece outside of Europe."

    The president also said that Athens would fulfill all of its obligations regarding debt repayment, but criticized some of the previous austerity programs imposed on the country.

    "Some of the measures imposed on us go beyond EU law," Pavlopoulos said.

    In February, Greek authorities and EU finance ministers agreed to extend the country's bailout for four months. Greece promised to implement a range of economic reforms, but its left-wing government elected in January has been seeking to relieve some of the austerity measures. To date, no progress has been reached in the bailout talks. The current aid package for Greece expires at the end of June.

    Greece's Gordian Knot: Syriza Tackles Austerity (404)


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