Der Spiegel: “Berlin could endorse Greece exit from the Euro” – BBC

Der Spiegel: "Berlin could endorse Greece exit from the Euro" – BBC

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Milan , January 3, 2015 – 21:02

     
     
 

Germany would have changed its position regarding a possible Greek exit from the Euro and would be ready to accept it, since it no longer fears the risk of contagion to other eurozone countries. It reveals how the German weekly Der Spiegel, citing government sources, that Chancellor Angela Merkel and Finance Minister Wolfgang Schauble would consider acceptable now a “Grexit”, considered the progress made by the euro zone from the most acute phase of the crisis in 2012 and limited risks for countries like Portugal and Ireland, which had to resort to aid IMF and the EU. For both the Eurozone, from January 1 to 19 with the entry of stable and economically reliable Lithuania, has carried out the necessary reforms by the crisis of 2012, when Athens was saved by the Troika EU-IMF-ECB to make manageable the possible farewell of Greece to the Euro.

“No danger of contagion”

“The danger of contagion is limited because Portugal, and Ireland (the other two countries saved) you must consider rehabilitated », writes Der Spiegel. At the same time against the risk of adverse consequences is the fact that the European Stability Mechanism (ESM), the eurozone rescue fund, is an “effective” system recovery and is now operational, unlike the 2012. The same goes for the big banks. In summary, the Hamburg weekly explains how the German Government Greece’s exit from the Euro will be inevitable if the polls will be confirmed at the polls January 25 and will win the far-left Syriza Alexander Tsipras, who does not want to exit the ‘euro but intends to renegotiate the bailout agreement with the troika erasing a big chunk of public debt greek.

No Comment German government

Neither the Court nor the Finance Ministry have declined to comment on what is written by the German weekly. A spokesman for the Ministry has postponed the statements made recently by Schauble, who urged Athens to not abandon the policy of reforms. But “if Greece undertake another path – he said – it would be difficult. Elections do not change the agreements reached with the government greek. Every new government must respect the agreements reached by the previous

January 3, 2015 | 21:02

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