Austria visit Barroso said Greece's exit from the euro could also trigger a chain reaction that will lead to a major failure of the European Monetary Union. He also expressed the belief that Greece is not impossible to overcome the crisis. In order to overcome the crisis, now have no other choice apart from the implementation of strict austerity.
Will be officially published on the 6th Austrian Business News reported, European Commission President Jose Manuel Barroso said in the interview with the newspaper, Greece out of the euro will be "a disaster" for the Greek people.
Barroso acknowledged that "the austerity plan in the current weak economic growth," but it can make a new competitiveness in Greece. But if the Greek "bankruptcy, that the consequences will be, where the investment environment was completely destroyed, after neither growth nor income" World steel pipe network editing World Steel Pipe News .
Euro zone finance ministers on February 21 amounted to 130 billion euros in the second round of the Greek rescue plan to reach agreement, but said Greece must be before the end of February by a series of reform programs aimed at reducing the deficit and enhancing competitiveness, rescue The agency would agree to loans.