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Top EU officials have decreed Greece should leave the eurozone if unable to stick to the austerity measures imposed by European creditors. The political crisis in Athens is making this scenario not altogether impossible. The parliamentary elections in Greece on May 6 ended with no political party gaining the majority of seats needed to form a government. Now it appears that their hopes of forming a ruling coalition are falling apart like a card-castle. President of the European Commission José Manuel Barroso told Italy’s SkyTG24 TV channel that since Greece is unable to fulfill its financial obligations towards the EU, it should leave the eurozone. Barroso compared the single currency to a club, the rules of which are binding for members. The President of the European Commission said however highly he respects Greek democracy, he cannot neglect the needs of the other 16 eurozone member states. He stressed that if Athens cannot respect agreements reached, he sees no reason why the EU should not part company with Greece.
Posted in: Greece must ‘obey or get off euro train’
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