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Eurozone 'can weather' effects from Greece: Commission

01 July 2015, 14:29 CET
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(BRUSSELS) - The eurozone can "weather" the effects of the debt crisis in Greece because of steps taken in recent years to make it stronger, the European Commission Vice-President for the euro Valdis Dombrovskis said Wednesday.

"Whatever the course of events in Greece take, I am convinced the EU Economic and Monetary Union will be able to weather them," the former Latvian prime minister told a news conference in Brussels.

Dombrovskis however said he believed a deal with Greece was still reachable "before next payments that are due", including a July 20 payment to the European Central Bank of 3.5 billion euros ($3.9 billion).

"We are in a new situation where we need a discussion on a new programme," he said, confirming that Greece had made an offer for a third bailout rescue to last two years.

"(We are) still willing to reach an agreement, still willing to help Greece in this extremely complicated situation," he said.


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