Greek solution "by the end of the week"
- 9 years ago
After months of deadlock, a solution to the Greek debt crisis is near, says Guntram Wolff of the Brussels based think-tank, Bruegel.
He joined euronews’ Efi Koutsokosta in our Brussels studio on Monday.
Efi Koutsokosta: Do you think this is finally the last week when we can reach a solution?
Guntram Wolff: Obviously the last deadline in terms of finance could be the end of the month,or perhaps even the end of July, when the ECB payments are due. But I would expect by now that the pressure is so high and there has been so much political capital invested in all sides that I would expect by the end of the week to find a solution.
EK: And why do you think all the eurozone countries are trying so hard to keep Greece in the eurozone?
GW: Most people realise that kicking Greece out would be a breach of the treaties, it would be a breach of trust. It would fundamentally change the nature of the monetary union, which would then be reversible. It would raise lots of questions abou
He joined euronews’ Efi Koutsokosta in our Brussels studio on Monday.
Efi Koutsokosta: Do you think this is finally the last week when we can reach a solution?
Guntram Wolff: Obviously the last deadline in terms of finance could be the end of the month,or perhaps even the end of July, when the ECB payments are due. But I would expect by now that the pressure is so high and there has been so much political capital invested in all sides that I would expect by the end of the week to find a solution.
EK: And why do you think all the eurozone countries are trying so hard to keep Greece in the eurozone?
GW: Most people realise that kicking Greece out would be a breach of the treaties, it would be a breach of trust. It would fundamentally change the nature of the monetary union, which would then be reversible. It would raise lots of questions abou