Ger­many wants Greece to stay in the eu­ro­zone

Financial Mirror (Cyprus) - - FRONT PAGE -

sta­bil­ity of the eu­ro­zone with such a step,” he told Welt am Son­ntag. “It would let a ge­nie out of the bot­tle that would be hard to con­trol.”

French pres­i­dent Fran­cois Hol­lande told France’s In­ter ra­dio on Mon­day that Greece had paid a heavy price to stay in the euro and it was “up to the Greeks” to de­cide whether to now re­main a part of the sin­gle cur­rency.

Re­peat­ing a much-ex­pressed view that the eu­ro­zone needs to fo­cus more on growth and less on re­duc­ing its deficit, Hol­lande also said “Europe can­not con­tinue to be iden­ti­fied by aus­ter­ity.”

In ear­lier com­ments to EurAc­tiv Greece, Syriza said it has de­ci­sively ruled out the “Grexit” op­tion, ac­cord­ing to EU Par­lia­ment Vice Pres­i­dent and MEP Dim­itris Pa­padi­moulis.

Since the an­nounce­ment of the pres­i­den­tial vote in Greece, sev­eral re­ports in Europe have claimed that in­ter­na­tional mar­kets would not trust a Syriza gov­ern­ment, and that the main op­po­si­tion party has the so­called “Back to Drachma Plan B”.

Pa­padi­moulis, an in­flu­en­tial fig­ure in Syriza that is cur­rently ahead in the polls, at­tempted to dash th­ese fears, say­ing that a Syriza gov­ern­ment is com­mit­ted to keep­ing the coun­try in the eu­ro­zone.

“There is ab­so­lutely no case for a Grexit. Those who in­voke such a pos­si­bil­ity play a pro­pa­ganda game against the Greek and Euro­pean econ­omy,” he said.

Pa­padi­moulis added that the real dan­ger for Greece is its so­cial dis­in­te­gra­tion and its trans­for­ma­tion into a “debt colony” and for Europe, a new phase of re­ces­sion, higher un­em­ploy­ment and poverty.

In an at­tempt to ap­pease in­ter­na­tional lenders and pos­si­ble in­vestors’ fears, Pa­padi­moulis made it clear that there is no Syriza party mem­ber who speaks in favour of re­turn­ing to the drachma.

“All our mem­bers re­spect the party’s de­ci­sions which are pretty clear... We will seek a so­lu­tion for Greece within the eu­ro­zone,” he stated, blam­ing a sig­nif­i­cant part of the Greek press for bad­mouthing his party’s poli­cies.

Pa­padi­moulis’s main ar­gu­ment for the non-Grexit sce­nario was based on the fact that Greece is still a sys­temic dan­ger for the eu­ro­zone.

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