“ Our position is that if we have an economically feasible plan that doesn’t create recession and continue the debt trap we will sign. If we don’t, we have to go to the Greek people because we have no mandate to leave the euro, and that would be a very bad eventuality. But we will consult the Greek people. Because our mandate was the best possible deal within the euro, as we are pro-European. If that is not on the cards, and if Europe says you can do whatever you want, you can vote what you want but in the end you always have to do the same policies, then we’ll have to reconsider with the Greek people what to do about that,” Tsakalotos said.





He argued that Grexit would radically change the nature of the single currency.





“ Once one country has left, you change a monetary union into a fixed exchange rate system, where it’s a cost-benefit analysis whether another country leaves. My greatest fear is that the break-up of the euro will return (us) to the competitive devaluations, and the nationalisms, and the kind of politics we had in the 1930s,” he added.



