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Merkel and Van Rompuy have ruled out expelling Greece from the eurozone (Photo: Council)

Merkel: Countries will not be kicked out of eurozone

German Chancellor Angela Merkel has said that kicking countries out of the eurozone is excluded as an option, but that Greece must impose the austerity and restructuring measures that are a condition of the bail-out, or Athens will not receive its latest tranche of rescue funds.

EU Council President Herman Van Rompuy meanwhile has said that still further political pressure needs to be applied to Greece and Italy to slash their debt levels.

The German leader’s comments were made pr...

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Merkel and Van Rompuy have ruled out expelling Greece from the eurozone (Photo: Council)

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