European FMs rule out a 'Grexit'

Discussions of a Greek euro exit, or a Grexit, have become more prominent in Brussels after Greek leaders failed to form a coalition government since elections were held on 6th of May. But eurozone finance ministers on Monday reaffirmed their commitments to keep Greece in the euro zone.

But the EU also warned the Greek authorities that the austerity measures agreed need to be implemented. Greece is due to receive a second bailout in early June in order to avoid default.

For the first time since the crisis erupted, President of the European Commission Jose Manuel Barroso admitted that it would be better for Greece to leave the euro zone if it was unable to meet its obligations.

The Greek president has proposed to form a technocrat government amongst the skepticism of the Greek people. New elections now look almost certain. According to the latest polls, anti-austerity radical-left coalition party Syriza would become the main political force.

[BugMagnet]

And the EU said the crisis was over last year and the greek goverment said they would keep their promises three years ago. Both were lies.

[BugMagnet]

Did Barroso just make the first step of surrendering to reality? But I wonder why they still are not able to coordinate their press releases? Juncker says that a greek exit would be nonsense while barroso says they should leave when (not if) the inevitable occurs, all of this one day after german and austrian FM said that they are already preparing measures to decrease the economic impact of a grexit.

[clansman]

Race purity, no jews and foreigners? LoL