Fonte/Source, Sputnik, Eurozone countries are secretly preparing plans to force Greece out of the European Union’s currency as expectations grow that the country will be unable to make its debt payments next month, according to an unpublished memo by the Finnish Finance Ministry.
The memorandum obtained and quoted by Finnish newspaper Helsingin Sanomat on Wednesday has revealed preparations for a Greek exit from the euro.
The memo, dated March 27, says according to the newspaper:
“By tacit approval of the other Eurozone countries a process is started that in effect results in Greece being expelled from the euro.”
Greece is struggling to comply with the mandated reforms of its international lenders, stipulations necessary for it to receive its next aid package.
Greece’s total debt to the troika of international creditors, comprising the European Union, the European Central Bank (ECB) and the International Monetary Fund (IMF), currently stands at around $270 billion.
In February, the country’s new left-wing government promised to pursue economic reforms after Athens and eurozone finance ministers agreed to extend the bailout deal until late June 2015.
Greece is required to privatize government assets, adopt pay cuts, cancel pensions and conduct other structural reforms that are viewed with strong approbation by the public and the country’s anti-austerity leadership.