Commissioner Moscovici: Any country's exit from the euro would lead the eurozone to dissolution
Any country's exit from the euro would lead the eurozone to dissolution, stated European Commissioner for Financial Affairs Pierre Moscovici addressing a Belgian university on Thursday.
In his speech that focused on the repercussions of a country's exit from the eurozone, Moscovici referred to Greece saying that it has achieved a spectacular fiscal progress which unfortunately has a negative social impact. These repercussions are attributed, according to the French minister, to the fact that Greece in the last three years has implemented structural reforms that should have made in the last 15 years.
Referring to the Greek debt issue, he said that there will be regulations for the relief of the Greek debt, clarifying however, that he is against the nominal reduction of the debt.
Source: ana-mpa