28 August 2012, 21:34

Greece's withdrawal from eurozone will be Europe's failure - Spanish premier

Greece's withdrawal from eurozone will be Europe's failure - Spanish premier

Spanish Prime Minister Mariano Rajoy Brey believes that Greece’s withdrawal from the eurozone will be a failure for the entire Europe.

Meeting with President of the European Council Herman Van Rompuy in Madrid on Tuesday, he expressed confidence that Greece would do all in its power to fulfill its liabilities to European partners.

Rompuy, for his part, said that the euro had become irreversible.

The EU chief praised the program of reforms devised by Spain and called for fast action to guarantee the country’s financial stability.

In late July, the Eurogroup approved a 100-billion-euro aid package to rescue Spanish banks in exchange for a promise to reform the financial sector.

TASS

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