German Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble think that the eurozone can absorb that step of Athens.
That’s what government employees to know the German weekly Der Spiegel . Merkel and Schäuble have not confirmed the report.
A few years ago, Merkel vehemently opposed a Greek exit from the eurozone. They feared a domino effect, similar to the crisis following the collapse of US bank Lehman Brothers in 2008. That danger would be gone by now, because in the eurozone in recent years a number of reforms to take effect.
Also, countries such as Ireland and Portugal have reformed so energetically that a departure from the eurozone is not on the agenda for those countries.
In a Wednesday interview published in The Financieele Dagblad said Greek Finance Minister Gikas Hardouvelis that upcoming elections in Greece may eventually cause the country to leave the eurozone.
” The Greeks do not want Grexit ” said the minister. ” But if their discontent with the cuts will have the upper hand, you can not completely exclude that befalls us anyway. ”
In Greece, held on January 25 early elections.
Greece is heading back toward political crisis | Greece File
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