Question for written answer E-011527/2015
to the Commission
Jonathan Arnott (EFDD)
Subject: Greek exit from the Eurozone
Could the Commission inform me whether the European Central Bank is making preparations for a potential Greek exit from the Eurozone? Also, is the Commission aware of any EU Member States making preparations with their Central Banks for a potential Greek return to the Drachma?
Answer given by Vice-President Dombrovskis
on behalf of the Commission
The Euro summit of 12 July 2015 has paved the way for the adoption of a Memorandum of Understanding linked to a new stability support programme for Greece under the Treaty establishing a European Stability Mechanism (ESM). On 19 August 2015, the Commission, acting on behalf of the ESM, signed a Memorandum of Understanding (MoU) with Greece following its approval by the ESM Board of Governors. The ESM provides for further stability support of up to EUR 86 billion over three years (2015-2018) conditional on the implementation of a third economic adjustment programme.
The key objective of the programme is to help Greece return to financial stability, fiscal sustainability, competitiveness, investment, employment and growth and prosper in the euro area.
The Commission has published the full set of documents related to the new macroeconomic programme for Greece1.