Greece may have to temporarily leave the euro currency bloc in order to shore up its finances, a member of Germany's junior coalition party said today.
Juergen Koppelin, a budget spokesman from Germany's free democratic party, said on German radio a temporary exit from the single currency would allow the debt-ridden nation to bolster its financial health by devaluing its currency. But the call from a member of Angela Merkel's centre-right coalition comes despite the German Chancellor yesterday ruling out the option of Greece leaving the single currency zone. Merkel also said Greece will only be able to access the €45bn aid package, recently agreed by the EUand IMF, if it puts in place tough austerity measures. A new round of prote...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
