Rehn maintains there is no Plan B

EUROPEAN Union economic affairs chief Olli Rehn pressed the Greek parliament to adopt a tough austerity programme, saying it was the “only way to avoid immediate default.”

“This week Greece faces a critical juncture. Both the future of the country and financial stability in Europe are at stake,” Rehn said in a statement.

“I trust that the Greek political leaders are fully aware of the responsibility that lies on their shoulders to avoid default,” he said.