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Athens Macedonian News Agency: News in English, 15-04-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] EU Commissioner Moscovici: There are no preparations for a 'Grexit'

  • [01] EU Commissioner Moscovici: There are no preparations for a 'Grexit'

    ANA/MPA---The European Union is not laying the groundwork for a Greek exit from the eurozone although negotiations are moving too slowly, Economic Affairs Commissioner Pierre Moscovici told AFP on Thursday.

    "There are no preparations for a 'Grexit'. There is no 'Plan B,'" Moscovici said on the sidelines of the IMF and World Bank meetings in Washington.

    Moscovici admitted, however, that negotiations between the EU and Athens are moving "too slowly." Moscovici said still many details need to be worked out. "Time is running out ... It is absolutely crucial to record solid progress."

    The European Commission has suggested that the Greek government should not continue discussions until June when the new Greek programme, the third one, will be set under negotiation.

    On his part, German Finance Minister Wolfgang Schaeuble in statements to Washington said that in order for Greece to receive the 7.2 billion euro tranche of the second aid programme and avoid default, it needs to persuade the three institutions - IMF, European Commission, European Central Bank - that it has fulfilled the a large part of its obligations.

    The decision is on Greece said Schaeuble, who is in favour of a strict stance against Greece.

    Moscovici had earlier stated that the repercussions of a possible exit of a member state from the eurozone could be contained.

    However, he added that an exit could mean a political rift and may raise questions on which country will follow.

    "That would be a catastrophe for the eurozone", Moscovici concluded.


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