European Commission President Jean-Claude Juncker warned that the new Greek government that will emerge from the September 20 elections must respect the bailout agreement.
Juncker told the European Parliament on Wednesday that Greece’s place in the Eurozone will not be secure if the new government does not fulfill its obligations to its lenders.
“It was absolutely essential for us to recognize and to say that Grexit was not an option. If we hadn’t said that loudly and clearly, Grexit could have happened,” Jean-Claude Juncker said in his state of the union address.
“The European Union is delighted to have Greece as a member and I have been profoundly perturbed in recent months by comments that Greece should leave the EU,” he said.
“We have agreed on a program and I would like this program to be respected by all future Greek governments. This time we all need to realize that we are serious and for real and we require respect of the arrangements and agreements that have been reached,” Juncker stressed.
“If this time rules agreed will not be respected, the reaction of the European Union and the Eurozone will be different,” the EC President said.
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