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Euro: Europe must be ready for all scenarios (Rehn)

Europe must be prepared for all scenarios, including out of Greece in the euro area, said in an interview with Western journalists Vice President of the European Commission, Olli Rehn on Sunday.

“We do not want but we must be prepared for any scenario, including this one, in the name of safeguarding financial stability and the preservation of the euro,” he said.Last week, leaders of the euro area have threatened to exclude Greece from the European monetary union for non-compliance with decisions of October 26, that is to say, the debt agreement of Greece in exchange for drastic austerity measures.

According to Rehn, Athens betrayed the trust of its partners, which could push the country outside the euro area.

On October 26, EU leaders reached an agreement providing cancel 100 billion euros of Greek debt in exchange for a new austerity program. The announcement by Prime Minister George Papandreou of a referendum on the austerity plan has caused a shock wave in the Greek political class. The idea of a referendum was subsequently abandoned.

Sunday night, the two main Greek political parties agreed on the resignation of Prime Minister.

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