Greece`s Potential Exit From Eurozone `Great Disaster` - Syriza Party

Author: us-russia
Comments: 0
Greece`s Potential Exit From Eurozone `Great Disaster` - Syriza Party
Published 27-05-2015, 18:37
A Greek exit from the eurozone would be a disaster for everyone, which Athens is hoping to avoid, ruling Syriza Party's Deputy and Chairman of Committee on Economic Affairs Stefanos Samoilis told Sputnik Wednesday.

MOSCOW (Sputnik) — Samoilis echoed the statement of Finance Minister Yanis Varoufakis, who said on Sunday that if Greece leaves the single currency as a result of the crisis, it would be a "disaster for everyone involved."

"A potential Grexit is indeed a great disaster. Not only in terms of economics. This is something that no one is aiming at. Including Athens," Samoilis said.

Samoilis added that Greece is the "birthplace of democracy and many of the values that lie at the core of the European culture" and "an exit from the euro thus would mark a point in history which represents a big step back."

Greece is currently in a deep economic crisis, with its national debt standing at some $350 billion, or about 175 percent of gross domestic product.

In recent months, the European Union has discussed a so-called possible Grexit – Greece's withdrawal from the Eurozone due to the country's enormous debt. Such speculation was fueled further by the recent election win of the anti-austerity Syriza party.

 

sputniknews.com

Comments: 0
Experts' Panel
Are the U.S. and Russia...
The Sunday, February 24 edition of Russian state television’s...
Are the U.S. and Russia...
Top
popular in the journal
From July 4, 1776 to June 12, 1990

From July 4, 1776 to June 12, 1990

June 12th for Russians is to some extent the equivalent of July 4th for Americans when the former colony of the British Empire has declared its independence. ...
Vladimir Putin: The Real Lessons...

Vladimir Putin: The Real Lessons...

The Russian president offers a comprehensive assessment of the legacy of World War II, arguing that "Today, European politicians, and Polish leaders in particular, wish ...
RUSSIAN FEDERATION SITREP 11 JUNE...

RUSSIAN FEDERATION SITREP 11 JUNE...

RUSSIA AND COVID. Latest numbers: total cases 502K; total deaths 6532; tests per 1 million 95K. Russia has done 13.8 million tests (second after USA); among ...
Russian Diaspora Group Urges...

Russian Diaspora Group Urges...

WASHINGTON (Sputnik) - The Russian Community Council of the USA (RCC) is urging authorities in Alaska's Sitka to refrain from removing a statue of city founder Alexander ...
\

\'Comrade Trump\': GOP PAC Mocks...

With the US presidential election in November looming large on the horizon, incumbent President Donald Trump is being criticised on many fronts: his response to the ...