Wednesday, March 7, 2012

Germany Openly Discussed With Greece That They Leave Euro

The Financial Times just reported that German finance minister Wolfgang Schaeuble admitted that he discussed openly with Greece's finance minister Evangelos Venizelos whether it would be better for the country to leave the euro.

However, Greek officials said they are 100% committed to staying. it sounds like somebody else does not want them to stay.

"However, Mr Schaeuble added that even though it may have been wrong for Greece to join the euro, the country had “100pc decided” that they wanted to stay inside the 17-nation bloc, and it was “ridiculous” to think that other countries wanted to punish Greece.

But Greece has more work to do, he said, and the eurozone as a whole must work to solve the competitiveness gap."

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics