‘Sexy’ Europe Growth Compact Inevitable; Greece to Stay - by Shai Ahmed

A growth compact to sit alongside the existing fiscal treaty is a certainty for the euro zone as it battles the flames of discontent fanned by the harsh austerity measures implemented in struggling economies, one expert told CNBC Thursday.

“It seems inevitable that we’ll get some sort of growth compact, the question is what that will entail but everybody means different things by it. It’s hugely important to be promoting investment and very important to crack down on tax avoidance and tax evasion collectively,” Sony Kapoor, managing director at international think tank Re-Define told CNBC’s "Squawk Box Europe."

"Slowly it has become sexy to talk about a growth compact and now it seems inevitable we are going to get some sort of a growth compact," he added.

Greece has long been criticized for being its own worst enemy in terms of endorsing a culture of relatively early retirement, a bloated public sector and, crucially, a more relaxed approach to tax collection.

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