Greece will not leave the Euro zone, as such a failure would be too serious for Europe. This is the opinion of the former president of the European Commission, Romano Prodi. He has warned there is a risk Greece will become “our Sarajevo”. Romano Prodi, who was also head of the Italian government, thinks there will be an agreement with Greece. He says neither the German Chancellor, the current president of the Commission or the director of the International Monetary Funds (FMI) will want the responsibility. “I would like to see how Angela Merkel, Jean-Claude Juncker and Christine Lagarde would deal with the responsibility of allowing Greece to leave the Euro zone”, he said in an interview with La Repubblica, which was published on Thursday.
History can play games, “the First World War was trigged by a minor incident. But I am hoping Greece will not become our Sarajevo”, says the former European official. Not finding a compromise between Greece and its creditors is “unthinkable”, says Mr Prodi. He wants to believe there will be an agreement, as a failure to do so would be “enormous”.
The problem is that European Institutions are like “half baked bread”. That is why “they are not able to deal with the problems waiting for us in the future, or become international political powers”, he adds. There is no real European authority, and the member States, who are “held hostage by their own internal political problems”, don’t want one. If this European authority existed, Greece would probably not have entered the Euro zone, he says. “If Europe wants to make it, it has to react immediately by creating an authentic federal authority”, Mr Prodi says. He was president of the Commission from 1999 to 2004.