EC to make a plan in case Greece leaves the euro area

The European Commission (EC) has ordered an action plan to be worked out in case Greece leaves the euro area.

The issue has been discussed during the G20 summit in Cannes in the frames of informal consultations.

“The situation in the euro area has drastically changed after the decision to hold a referendum on the EU aid in Greece. Many people realised that Greece was faced with so big political, economic and social problems, and thus it is possible for the country to leave the euro area,” an European diplomat said.