16:51 GMT04 March 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    On Thursday, a Finnish newspaper reported citing an unpublished memo by the Finance Ministry that stated that Greece could be forced to leave the Eurozone if it is unable to make its debt payments in June.

    BRUSSELS (Sputnik) — The European Commission is not considering any other options except for keeping Greece in the Eurozone, a source in the European Commission press service said Friday.

    Earlier on Friday, the Times reported that Eurozone countries are secretly drawing up plans to exclude Greece from the monetary union.

    "We do not comment on rumors or speculation. Referring to previous comments by President [of the European Commission Jean-Claude] Juncker, we are working towards only one scenario, and that is to keep Greece in the Eurozone,” the source told RIA Novosti.

    On Thursday, the newspaper Helsingin Sanomat reported citing an unpublished memo by the Finnish Finance Ministry that stated that Greece could be forced to leave the Eurozone if it is unable to make its debt payments in June.

    Speculations 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.

    Greece's total debt to the troika of international creditors comprising the European Union, the European Central Bank (ECB) and the International Monetary Fund (IMF), currently stands at around $270 billion.

    In February, the country's new left-wing government promised to pursue economic reforms after Athens and Eurozone finance ministers agreed to extend the bailout deal until late June 2015.

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

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    European Commission, Eurozone, Greece
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