Monday, 14 May 2012

'Top EU officials have decreed Greece should leave the eurozone if unable to stick to the austerity measures imposed by European creditors. The political crisis in Athens is making this scenario not altogether impossible.

The parliamentary elections in Greece on May 6 ended with no political party gaining the majority of seats needed to form a government. Now it appears that their hopes of forming a ruling coalition are falling apart like a card-castle.

President of the European Commission José Manuel Barroso told Italy’s SkyTG24 TV channel that since Greece is unable to fulfill its financial obligations towards the EU, it should leave the eurozone.'

Read more: Greece Must ‘Obey or Get Off Euro Train’ - EU