No Legal Mechanism To Exclude Greece From Euro – EC – 11 April 2015

RT logoThe European Commission (EC) isn’t considering the prospect of Greece leaving the eurozone, the EC has confirmed, commenting on the media reports that Athens could be excluded from the currency union.

“The legal mechanism that allows the exclusion of a country from the euro zone doesn’t exist. The European Commission relies upon the earlier agreements between Greece and international institutions reached on the basis of the new reform plan to extend the international financial aid to Athens,” the EC told TASS Friday.

Earlier media reported that eurozone countries were reading in “the atmosphere of secrecy the plan to exclude Greece from the eurozone” in case Athens are declared bankrupt in May. The plan was worked out by the Finance Ministry of Finland in cooperation with Germany, the report said.

Read the full story at: www.rt.com / link to original article

Comments are closed.