Greece could exit the euro by accident, Finance Minister Gikas Hardouvelis said Tuesday in a new warning of what could happen if anti-austerity leftist party Syriza wins the election later this month.
"An accident could happen (in a stand-off with Europe), and the whole idea is to avoid it," Hardouvelis, an economist and technocrat -- who has drawn Syriza's ire by wading into the political debate -- told Bloomberg TV.
Syriza, who are broadly expected to win snap elections on January 25, want to renegotiate Greece's EU-IMF bailout deal and write off a large portion of the country's enormous debt.
Syriza's 40-year-old leader Alexis Tsipras argues that Greece's European partners, and Germany in particular, have realised that austerity has failed and will not refuse a renegotiation.
"There is not even a chance in a million that (German Chancellor Angela) Merkel will refuse to negotiate," Tsipras told Star TV late on Monday.
The outgoing government of conservative PM Antonis Samaras says Syriza's policies are tantamount to a debt default that could cost Greece its place in the eurozone.
Hardouvelis on Tuesday noted that Greeks "cannot threaten the rest (of Europe) with our own exit".
"This is not a bargaining chip on our side... Europe has built defenses against a country leaving the euro area," he told Bloomberg.
On Monday, the finance ministry had also warned that Syriza would face a rapid cash shortage should it win the election and then challenge the country's EU-IMF creditors.
The ministry said Greece has already exhausted a 15-billion-euro (over $17-billion) cap on treasury bill sales and would need the consent of its European Union and International Monetary Fund creditors to sell more.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor