The possible exit of Greece in the euro area is now the center of the debate on debt crisis in Europe. European authorities are already assessing the potential effects of withdrawal from the country currency bloc, writes Bloomberg.
Meetings between Greek political leaders, led by the country’s president Karolos Papoulias, continuing today, but under the shadow of the categorical rejection of far-SYRIZA to participate in a national unity government.
“Going to Greece in the euro area is not fatal, but it is not attractive,” said Patrick Honohan, a board member of the European Central Bank (ECB).
According to him, leaving the currency bloc is “technically feasible” but would still lead to severe consequences for the single currency.
Central bankers of European countries have already discussed the possible exit of Greece in the euro area, admitted Riksbank Deputy Governor Per Janson.
Economic commissioner even hinted that the euro zone is much more prepared for the launch of Greece than it was 2 years ago.
Today starts a meeting of finance ministers of the Member States in the euro area. Before it became clear that the European Commission (EC) is not considering relaxing the conditions on the bailout for the country.
“I do not know to lead discussions in the commission of any new concepts of the program,” said its spokesman Amadeu Alfatazh.
It is expected that representatives of the Euro group to decide not to pay more money to Greece until the government made up.
If international lenders of Greece decide to stop paying the installments of the assistance the country will remain without money until the beginning of July.