Eurozone withdrawal remains a possibility

THE prospect of Greece leaving the eurozone is still on the table, despite an expected vote by the Athens parliament to accept the austerity measures attached to its second bailout loan.

The idea was totally taboo until now and, while exit from the EU became possible for the first time under the Lisbon treaty, there was no provision made for leaving the euro.

This was made clear by the ECB president, Mario Draghi, following his first board meeting when he responded to a question on Greece exiting the currency — “It’s not in the treaty”, he said.