Eurogroup President Jeroen Dijsselboem said that his priority is to keep Greece in the Eurozone and strengthen the monetary union, however he stressed that all the possible scenarios need to be considered.
The Eurozone has examined all the alternative solutions, in case Greece fails to meet the conditions agreed, including taking measures similar to those applied in Cyprus, argued Dijsselbloem during an interview to Dutch radio station BNR.
“Think about Cyprus. The banks there limited withdrawals for a while, capital inflows and outflows were subject to numerous conditions, and so all kinds of scenarios are still conceivable,” he pointed out. “It is also important to keep Greece on track. The recovery in Greece went remarkably well, but due to political uncertainties, there will be setbacks. My political commitment is to keep the Eurozone intact and strengthen it, and that is where I will focus,” he stated.
“The most severe cuts in the Greek economy are already in the past. They have a primary surplus so they can start repaying their government debt. The important issue is keeping the budget in line and not letting it deteriorate,” he said. Meanwhile, Dijsselbloem mentioned that attracting direct foreign investment and organizing the Greek taxation system still remains an important responsibility for the country.
At the same time, he stressed that there is some delay in negotiations between Greece and the Eurozone.
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