Pubblicato: sabato, 13 Ottobre 2012

Leave Eurozone, Swedish Finance Minister advises Greece

PressTV – Swedish Finance Minister Anders Borg has said that exiting the eurozone would be “better” for Greece.

If it had to leave the eurozone, it would probably find its competitiveness once again, and then Greece could get itself back on its feet afterwards,” Borg said in an interview with state broadcaster Sveriges Radio (SR) on Friday.

Swedish Finance Minister Anders Borg

Borg, whose country did not join the eurozone, was speaking on the sidelines of an International Monetary Fund meeting in Tokyo.
It is a difficult and complicated path,” he said. “But it is difficult to see another that could work.”

Greece has been at the epicenter of the eurozone debt crisis and is experiencing its fifth year of recession, while harsh austerity measures have left about half a million people without jobs.
One in every five Greek workers is currently unemployed, banks are in a shaky position, and pensions and salaries have been slashed by up to 40 percent.

Greek youths have also been badly affected, and more than half of them are unemployed.

The long-drawn-out eurozone debt crisis, which began in Greece in late 2009 and reached Italy, Spain, and France in 2011, is viewed as a threat not only to Europe but also to many of the world’s other developed economies.

In September, Greek Prime Minister Antonis Samaras said that leaving the eurozone was not an option and would be a “nightmare” for the country.
An exit from the eurozone is not a choice for Greece, it’s a nightmare. For us it’s not an option, it’s a total disaster,” Samaras said.

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