Greece and the Eurozone: the exile unlikely

"The words are all very simple: Greece should leave the Eurozone, because she can no longer pay its debts," write David Becking and Nicholas Kwasniewski in the German magazine Der Spiegel. Since then, the victory of the radical left coalition Syriza parliamentary elections is becoming more apparent, more and more European politicians consider such a scenario seriously.

Even the German government does not see in it a threat to other members of the Eurozone.

However, the exit of Greece from the Eurozone is not as simple as it is imagined by skeptics and part of the German government.

Thus, according to made on Monday, an official statement by the press Secretary of the Commission, the membership in the Eurozone cannot be cancelled. Only possible exit from the EU".However, the latter hardly the best Syriza leader Alexis Tsipras, because the EU supports Greece not only through the European rescue Fund ESM, but with its own structural funds.

However, the Eurozone crisis has repeatedly shown that the reality does not always "play by the rules", and in principle the likelihood that Greece will "take off" from the Euro without leaving the EU, still exists.

But it is unlikely that Germany will admit that the situation has gone so far.The reason is that Greece, bereft of further economic support, are unlikely to feel obliged to repay the loans from its European partners.

 

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