Grexit risk still exists, former EC chief Jose Manuel Barroso says

Former European Commission president Jose Manuel Barroso said on Tuesday that the danger of Grexit still looms but that it will depend on the moves of the Greek government.

Speaking at the Concordia Europe Summit in Athens, which was moderated by the executive director of Kathimerini, Alexis Papachelas, Barroso noted that Greece is no longer a systemic challenge to the Eurogroup, as it was in 2011-12, and that states and international markets are now better prepared to meet such challenges.

The current non-executive chairman at Goldman Sachs International added that several officials in the European Union are of the belief that the euro currency would be better off without Greece, and that some would even go as far as paying Greece to leave the bloc.

These officials, he said, are not confined to Germany, as there are others in other countries who subscribe to much...