After months of deadlock, a solution to the Greek debt crisis is near, says Guntram Wolff of the Brussels based think-tank, Bruegel.
He joined euronews’ Efi Koutsokosta in our Brussels studio on Monday.
Efi Koutsokosta: Do you think this is finally the last week when we can reach a solution?
Guntram Wolff: Obviously the last deadline in terms of finance could be the end of the month,or perhaps even the end of July, when the ECB payments are due. But I would expect by now that the pressure is so high and there has been so much political capital invested in all sides that I would expect by the end of the week to find a solution.
EK: And why do you think all the eurozone countries are trying so hard to keep Greece in the eurozone?
GW: Most people realise that kicking Greece out would be a breach of the treaties, it would be a breach of trust. It would fundamentally change the nature of the monetary union, which would then be reversible. It would raise lots of questions abou
