Fears are rising that Greece could leave the eurozone if snap elections three weeks away lead to a far-right victory. But the European Commission has dismissed such a scenario.

The European Commission says membership to the currency union is not revocable. The commission took the stance after German media reported that Berlin considers Greece exit from the eurozone inevitable in case of a far-right win in the polls. Other reactions have also emerged from other EU countries. The prospects of Athens abandoning the single currency have pushed the euro to a nine-year low in Monday trading. Shares also plunged by over five percent in Athens Stock Exchange before recovering by less than a percent at the closing bell.

Simon Dixon

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