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There Will Be No Grexit – Austrian Finance Minister

© REUTERS / Yannis BehrakisA European Union flag flutters before the temple of Parthenon at the Acropolis hill in Athens, Greece
A European Union flag flutters before the temple of Parthenon at the Acropolis hill in Athens, Greece - Sputnik International
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Austrian Finance Minister Hans Jörg Schelling told in an interview with the Austrian TV Channel ZIB1 that that the option of the Grexit is unlikely.

The Austrian Finance Minister is confident that Greece’s withdrawal from the Eurozone is an unlikely option.

“There will be no Grexit. Greece remains a member of the Eurogroup. Greece has not withdrawn and we, so to say, have not ‘removed’ it from the Eurogroup,” Schelling said, adding that what Greece has just to do is to take the “appropriate measures”.

Dark clouds pass over a semi-sunlit Parthenon temple atop the ancient Acropolis Hill in Athens - Sputnik International
Bailout Program for Greece Amounts to 'Economic Version of Dante's Hell'
On Saturday, Greek Prime Minister Alexis Tsipras announced that the latest proposals of the Eurogroups’ finance ministers would be put to the national vote. The step was criticized by many European politicians and led the negotiations to a deadlock.

“Greece has now once left the negotiating table. We'll see what proposals the Greek government will introduce," Schelling stated, cited by news.at.

The bailout program for Greece will expire on June, 30. Until then Greece is expected to repay a $1.7-billion debt to the International Monetary Fund (IMF).

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