Greece must strictly adhere to a tight schedule of targets and measures if it wanted to remain in the Eurozone, Dimitris Daskalopoulos, president of the Federation of Hellenic Enterprises - Greece’s largest employers’ federation - said on Monday.

Commenting on the results of an EU Summit last week, Daskalopoulos said “a positive overlay of a European Council decisions for Greece should not lead to any illusions. A provision, for the first time, of a debt restructuring procedure for a member-state if its course was proved non viable, shows that Europe does not exclude a failure in a reforms effort in Greece and prepares itself offering us a last chance to dismiss negative predictions”.

He underlined that the country did not have any more time for "half talk and half work", and stressed that the government must prove it is determined to promote necessary reforms, or else “a much more hard reality lies ahead”.