Juncker: There won’t be a Grexit, but Athens is not co-operating

Greek intransigence threatens to push the continent towards financial ruin, European Commission President Jean-Claude Juncker said in an interview, and rebuked Athens “unacceptable” lack of co-operation. He added, however, that there will not be a Grexit.

An agreement on an economic rescue package remains distant, says Juncker, but ruled out a Greek default or exit from the euro zone. In an interview with the magazine Politico, Juncker said that the main reason for optimism lies less in a tangible progress and more to the simple fact that the alternative is unthinkable.

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