German Finance Minister Wolfgang Schaeuble to consider Grexident

Noam Stiekema

The German Finance Minister Wolfgang Schaeuble consider Grexident and no longer exclude the possibility of Greece’s exit from the Eurozone.

Wolfgang Schaeuble

The German Finance Minister Wolfgang Schaeuble consider Grexident and no longer exclude the possibility of Greece’s exit from the Eurozone, something which a few weeks ago many politicians considered impossible.

The Minister is usually quite restrained in his speeches, but now attacked the Greek government directly after the recent statements of the Greek Prime Minister.

“As the responsibility and the opportunity to decide what will happen is Greece and since we do not know exactly what the government is doing there, we can not turn GrExit off”, said Wolfgang Schaeuble.

In this case, it comes to the so-called Grexident – unplanned accidentally leaving the monetary union, not Grexit, which would have been planned exit from the Eurozone.

To view joins and Austrian Finance Minister Hans Jörg Schelling, who claims that “between European partners and Athens appears abyss”.

“One Grexident will be more terrible than anything we imagine. Greece wants to stay in Eurozone, we also want to stay, but this is possible”, he said.

Nevertheless Schaeuble believes the debt problem of the country to overcome. “Each Eurozone country must return to this situation, in which there is so much revenue as expenses. And Greece is developing better in this regard”, said Schaeuble.

However, according to him, should strengthen the competitiveness of the country. Schaeuble also added that Athens must meet its commitments, it was clear that otherwise there will be no further payments under this program.

“Europe is ready to help Greece, but Greece has to help itself. The problem can not be solved by turning others into scapegoats”, he said.

Meanwhile, Prime Minister of Greece Alexis Tsipras continued his efforts to persuade leading European politicians and economists need to renegotiate the conditions for aid to the country.

Tsipras is meeting today in Brussels with European Commission President Jean-Claude Juncker. “I am pleased with the developments in recent weeks.

I do not think we have enough progress, “Juncker said after the meeting. However, completely exclude failures. I do not want failure. Europeans want to go together”, he said.

According to Tsipras problem is a problem of Greece and Europe. “Greece has begun to fulfill its obligations mentioned in the decision of the Eurogroup of 20th February, so we have done our part, and we expect our partners to fulfill theirs”, he said.

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