EU Commissioner Moscovici: Grexit would be a terrible failure

Gazzetta team 7 Ιουλίου 2015 - 14:40

Tuesday's Eurogroup meeting is very important, European Commissioner for Economic Affairs Pierre Moscovici said upon his arrival to the Eurogroup meeting in Brussels, "because we must decide if the negotiations for a new support package to Greece will restart."

"We will examine if it can be done," said Moscovici adding that the Eurogroup expects from the Greek side to present complete, specific and credible proposals in order the deliberations for a new programme to restart.

"Grexit would be a terrible failure," said the French Commissioner and noted that the Greek authorities must explain how they want to act to avoid the worst scenario, which the Commission does not want.

He also underlined that "There are more that one reasons for an agreement" and called all sides to put aside the political games for the benefit of Greece and the benefit of the eurozone. As he said, there are possible technical solutions, but the ball is in the Greek court and Greece should tell us what it wants. On top of everything the proposals of the new Greek Finance Minister Euclid Tsakalotos must be specific and efficient."