Germany: Eurozone could cope with Greece exit
Schaeuble was quoted by the Rheinische Post newspaper Friday saying Greece has to fulfill its financial obligations in order to stay in the 17-nation eurozone, but that Athens could not be forced.
Should Greece leave, Schaeuble says “we have learned a lot in the last two years and built in protective mechanisms.”
He adds: “The risk of effects on other countries in the eurozone have been reduced and the eurozone as a whole has become more resistant.”
Greece is currently trying to form a new government and risks losing its rescue loan lifeline if it does not pass further austerity measures and reforms.
Published Date: Thursday, May 10th, 2012 | 09:26 PM