Euro must not fail because of Greece – minister
Greece must decide if it is prepared to implement tough fiscal reforms, or else leave the single currency the German Economy Minister, Philip Roesler has said.
In an article in the Frankfurter Allgemeine Zeitung on 16 August, Roesler said “ Greece must decide whether the state and society are ready for necessary budget and structural reforms”.
He said that should the troika of the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF) report in September that Greece is not ready to implement such reforms, then “there can be no further financial aid” to the country.
“In an environment of heated debate we must always keep in mind: Europe has a price but at the same time, it has a general value”, he said. “Only those fighting for a competitive and strong Europe can preserve this value.”
“The euro must not fail because of Greece”, he said. new europe on line
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