Thursday

20th Feb 2020

European Commission takes hard line on Greece

  • A rash of meetings will take place between now and Tuesday evening to discuss Greece (Photo: YoungJ523)

The European Commission has presented a bleak picture of the likely political and financial follow-up to Greece's No referendum, refusing to say that the county will remain in the eurozone and indicating that the limited debt relief offer that was on the table prior to the referendum is now gone.

Speaking less than 24 hours after Greeks rejected the creditors' bailout terms, euro commissioner Valdis Dombrovskis made it clear that the referendum result was largely irrelevant as the same problems remain, and may have become more difficult in the meantime.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or join as a group

He noted that the referendum was "neither factually or legally correct" as Greeks were voting on proposals that had not been formally endorsed by the eurogroup of finance ministers and on a bailout programme that had expired.

"The 'No' result unfortunately widens the gap between Greece and other eurozone countries. There are going to be very few winners in this situation," he said.

While he stated that "the place of Greece is, and remains, in Europe", when asked whether he would extend this assurance to eurozone membership, Dombrovskis repeated only past comments that a No vote "makes a solution more complicated".

Restarting negotiations with Athens would need the official go-ahead from the eurozone finance ministers, who will meet ahead of the euro summit beginning at 6pm local time in Brussels on Tuesday.

Dombrovskis also said that the debt relief offered back in November 2012 was "not on the table any more" as the bailout programme that ran out on Tuesday (30 June) was "not successfully completed".

He said it was up to the eurogroup to "decide the new mandate of the commission and whether the new mandate includes the debt issue".

Prime minister Alexis Tsipras, who has said his negotiating hand has been strengthened following the referendum, has indicated he will submit new proposals at the summit.

But relations between Greece and several of its eurozone partners have deteriorated substantially over the course of the last week with Germany and several eastern states viewing the situation through the prism of whether Greece has played by the rules.

Sigmar Gabriel, Germany's vice-chancellor and a social democrat, Monday said that debt relief before the end of the reform process would be inconceivable and that Tsipras must be prepared to compromise.

Meanwhile France has adopted a softer line towards Greece with a meeting later Monday between president Francois Hollande and Germany's Angela Merkel set to be key for how the Greece saga further unfolds and the extent to which the negotiating door remains open to Tsipras.

Greece says No to creditors

In a result that sent shockwaves across the EU, around 60 percent of Greek voters Sunday rejected the bailout reforms proposed by creditors.

Tusk urges creditors to mellow on Greek debt

Tusk has said Greece's creditors should consider debt sustainability if Athens tables realistic reform, in what amounts to a more active role in the crisis by the former Polish PM.

Unhappy EU leaders begin budget haggle

EU leaders arriving at the Brussels summit criticised the budget proposal of EU Council president Charles Michel, as richer member states insisted holding onto their rebates, while poorer countries wanted to avoid deep cuts to their subsidies.

Exclusive

Commission bins 'Dublin' asylum-reform proposal

The European Commission is set present its new pact on migration at the end of March. Margaritis Schinas, the commissioner in charge, says its 2016 Dublin-reform proposal will be "taken off and be repackaged, redrafted."

Opinion

Only EU can tame Zuckerberg's Facebook

When the EU speaks, Silicon Valley listens. The tech titans know that the EU matters. Which is why it's so crucial that following the lobbying from Zuckerberg, on disinformation, the EU gets regulation right.

Column

Western 'endarkenment' and the voodoo politics of Europe

The continent that gave the world the Enlightenment has collectively reverted to believing in fairy tales and the soothing power of cozy narrowness. Moscow and Beijing like what they see, and are doing everything to strengthen the trend.

Stakeholders' Highlights

  1. Nordic Council of MinistersScottish parliament seeks closer collaboration with the Nordic Council
  2. UNESDAFrom Linear to Circular – check out UNESDA's new blog
  3. Nordic Council of Ministers40 years of experience have proven its point: Sustainable financing actually works
  4. Nordic Council of MinistersNordic and Baltic ministers paving the way for 5G in the region
  5. Nordic Council of MinistersEarmarked paternity leave – an effective way to change norms
  6. Nordic Council of MinistersNordic Climate Action Weeks in December

Join EUobserver

Support quality EU news

Join us