FinMin briefs PASOK parliamentary group economy committee on Eurogroup meeting

Finance minister Evangelos Venizelos briefed the ruling PASOK parliamentary group committee on the economy (KTE) on the discussions in Monday's Eurogroup meeting and the problems in dealing with the Greek debt.
Venizelos expressed deep concern over the developments, according to KTE members, who also said that arguments broke out among MPs, while criticism was also voiced by MPs.
Issues such as that of "selective bankruptcy" were also put forward, while one MP maintained that the debt would be manageable with an interest rate of 4 percent.
According to sources, Venizelos did not deny that a discussion existed on selective bankruptcy, nor denied such a scenario, but noted that Eurogroup president Jean-Claude Juncker had told him that there are currently 36 scenarios on the table.
Venizelos further said that the problem was proving today to be much more complex than initially estimated, noting that the debts of Greece, Ireland and Portugal accounted for just 4 percent of the overall eurozone debt, and rose to 40 percent of the eurozone debt if the debts of Spain and Italy were added.
That, the minister stressed, was why Europe needs to deal with the problem in a uniform, comprehensive and firm way.

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