Eurozone chief Jeroen Dijsselbloem has warned Greece could be ejected if the poll-leading major opposition Coalition of the Radical Left (SYRIZA) comes to power after the Jan. 25 elections and tries to change terms of bailouts with international lenders.
SYRIZA leader Alexis Tsipras said he wants to keep Greece in the Eurozone but at the same time will either force the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) to renegotiate the austerity measures that came with 240 billion euros ($306 billion) in two rescue packages or renege on at least half the debt.
That could push Greece out of the Eurozone and rattle the financial bloc, setting off Dijsselbloem’s caution and shot at SYRIZA.
Dijsselbloem pointed out in an interview with Spiegel online that all the leading politicians in Greece have said they want to keep the euro.
“If you say that, then that means you have to accept the rules and agreements,” he said. “And that also means: any country that need support to finance its economy and public expenditures must stick to those conditions.”
Dijsselbloem added that it will not work if a country “simply asks for loans without meeting any sort of conditions.” He also said every Greek government will from now on be dependent on other Eurozone countries for support although Prime Minister and New Democracy Conservative leader Antonis Samaras said he’d seek an early exit from the Troika deals if re-elected.