Merkel next to a robot at the Berlin Air Show in 2010. Photo Reuters / Fabrizio Bensch
In case of emergency is a “Grexit “Greek exit from the eurozone, the German government negotiable. That the German weekly reports Der Spiegel based on anonymous government sources.
The risk of infection would be for other EU countries now gone countries like Portugal and Ireland are stronger. Moreover, the eurozone now the European Stability Mechanism (ESM), the eurozone rescue fund and banks can be saved by the new banking union, declared an anonymous source within the German Government to Der Spiegel.
The German government does not want to comment on the reports. A Grexit Berlin was hitherto unmentionable. There was great fear of contagion: if one country gets out of the euro, others can too. Thereby outbreak can always existential panic in countries and capital flight (savers and investors) are put in place.
In Greece held early this year early elections. The European billion loans to the country, and through the new turmoil that may cause Greece in the eurozone, the whole Europee Union has an interest in the outcome of the ballot. “New elections chords will not change that we have concluded with the Greek government,” said German Finance Minister Wolfgang Schaeuble in a comment.
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