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Czech finance minister says it would be better for Greece to leave eurozone

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Prague, July 13 (CTK) – Czech Finance Minister Andrej Babis (ANO) is not satisfied with the result of the euro zone summit that yesterday agreed on the terms of further financial aid for Greece, and he believes that Greece should leave the euro zone because otherwise the present critical situation would repeat in a few years.
“This is not a good step and the euro zone will be in the same situation as it was in 2011 and as it is now,” he said.
But Prime Minister Bohuslav Sobotka appreciated the agreement reached by Greece and the other euro zone countries.
“A deal with strict terms for Greece is better than a totally collapsed country within the European Union and NATO,” Sobotka wrote on Twitter.
Babis said the solution would be Grexit and a partial debt relief.
“The Greek liabilities towards the euro zone will have very negative impact on the Greek economy and society,” he said.
The opposition Civic Democrats (ODS) called on Sobotka to keep his promise and prevent the situation that Czechs would take part in covering the Greek debt.
ODS leader Petr Fiala said the Czech Republic may lose four billion crowns due to the irreversible steps taken by Sobotka’s government in order to join the euro zone in future.
After all-night talks, the euro zone leaders agreed that negotiations about a new loan of 86 billion euros may be provided to the almost bankrupt country if Greece promptly launches radical reforms. All 19 euro zone countries approved by the European Stability Mechanism (ESM) programme for Greece yesterday.
Several parliaments of euro zone countries need to formally confirm the decision, including the Greek parliament.
($1=24.238 crowns)

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