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    A demonstrator raises his hand with the word ''No'' written on it as a Greek flag waves behind during a rally organized by supporters of the No vote in Athens.

    Latvian Ex-President Believes Greece Should Exit Eurozone

    © AP Photo / Petros Giannakouris, File
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

    Former Latvian President Vaira Vike-Freiberga said she could not see a possibility for Greece to stay in the Eurozone.

    BRUSSELS (Sputnik) – Greece shouldn’t be stopped from leaving the Eurozone, Former Latvian President Vaira Vike-Freiberga said Wednesday.

    Greeks voted against the new austerity plan demanded by its international creditors in a July 5 referendum. An emergency Eurogroup meeting and a following Eurozone summit, both on Tuesday, failed to find a solution to the debt crisis.

    “The real question is whether we can keep Greece in the Eurozone and at whose expense?” Vike-Freiberga said, in an interview with the Belgian RTBF radio. She added that she could not see the possibility.

    “We shouldn’t forget that Greece – if I am right – has received €240-billion investments. And I wonder if the rest of Europe is able to afford conducting such money into this bottomless pit,” Vike-Freiberga said.

    Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank, the International Monetary Fund and several Eurozone countries.

    In a referendum on Sunday, over 61 percent of Greek voters rejected the unpopular austerity measures demanded by Athens' major international creditors, triggering renewed fears of a Greek default and subsequent exit from the Eurozone.

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


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