Europe is all about compromise: Juncker

Brussels

SENSIBLE compromises are needed by all sides in the ongoing negotiations to seek a way out of the deteriorating Greek debt crisis. The past few days have been busy in the eurozone after Greek voters in Sunday's referendum rejected a bailout deal proposed by international lenders, which increased the debt-ridden country's risk of exit from the eurozone.

If Greece were to leave the eurozone, it could be the worst nightmare for European integration, and the ripple effect that such an outcome would trigger is hard to measure. Markets and the media have recently questioned Europe's ability to deal with the severe financial shock, and even the viability of the euro is at stake.