22:02 GMT28 February 2020
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    The Eurogroup wants to avoid Greece’s possible exit from the monetary union over fears that it may lead to other struggling members following suit, a European parliament member told Sputnik on Monday.

    MOSCOW (Sputnik), Yulia Shamporova – Over 61 percent of the Greek electorate said "no" in Sunday’s referendum on the country’s international creditors’ latest bailout proposal.

    Bernard Monot, French Economic strategist and European lawmaker from France’s right-wing National Front (FN) party, told Sputnik that Europe’s "financial and political oligarchy" will continue to "fight and protect the single currency."

    "It’s obvious that they don’t want to open the waterway in the ‘Euro-Titanic.’ It could create a precedent for Portugal, Spain, and Italy," Monot said.


    Do you think Greece should exit the Eurozone?
    • Nai (Yes). Exiting the Euro would help the Greek economy
      88.1% (1544)
    • Oxi (No). It would be an economic disaster
      11.7% (204)
    Voted: 1750
    Monot, who believes that the European Central Bank (ECB) will offset the Greek banking collapse through liquidity injections and emergency loans, said Greece’s three key international creditors would do everything to avoid a so-called Grexit.

    "This means that the Troika will accept all the conditions that are imposed by Greece’s decision-makers, who are consolidated by 60 percent of Greeks," the FN lawmaker told Sputnik.

    Eurogroup President Jeroen Dijsselbloem’s spokesman announced an emergency Eurogroup summit to discuss the situation with Greece to take place on Tuesday.

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


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    France, debt crisis, Grexit, bailout program, Eurozone, National Front, Greece
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