European Parliament President Martin Schulz in an interview to German newspaper Frankfurter Allgemeine Zeitung confirmed that the EU is ready to continue to financially assist Greece, but Athens should seize the opportunity. “That is what I said to Greek Prime Minister Alexis Tsipras: accept the fact that people want to help.” When asked if it would be better for Greece to leave the Eurozone, Schulz replied: “No, firstly the Greek economy would dramatically deteriorate. Secondly it should immediately be financially supported in a massive way. Thirdly there is the risk of other countries being forced to write off bilateral loans [signed with Greece]. This, in some countries, could reverse the effects of consolidation.” (source: ana-mpa)
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