Arab Today, arab today germany wrong to propose temporary grexit
Last Updated : GMT 03:15:12
Arab Today, arab today
Arab Today, arab today

French Minister Michel Sapin:

Germany wrong to propose temporary Grexit

Arab Today, arab today

Arab Today, arab today Germany wrong to propose temporary Grexit

French Minister Michel Sapin (L)
Berlin - Arab Today

French Finance Minister Michel Sapin said in an interview Sunday that his German counterpart Wolfgang Schaeuble was "wrong" to propose a temporary withdrawal from the euro for debt-laden Greece, evoking "a clear disagreement".

"I think Mr Schaeuble is wrong and even contradicting his own deep European commitment," the French minister said in the interview to be published Monday in the German business daily Handelsblatt, excerpts of which were broadcast Sunday.

"This wish, which I share, consists of reinforcing the eurozone," a goal which would preclude any such temporary exit, Sapin said,

To talk now of a 'Grexit,' a Greek withdrawal from the common European currency, as Schaeuble did during talks in Brussels in mid-July, is "not realistic," he insisted, while recognising that his German counterpart was not speaking tactically but "with conviction".

Last month, eurozone finance ministers included an option for a temporary Greek exit from the euro if Athens failed to agree a bailout deal, according to a document obtained by AFP.

The potential "time-out" mentioned in the eurozone draft did not refer to a specific time period.

The Greek government later said it wants to see a final deal on its international bailout hammered out by August 20,

On the possibility of a Greek exit "there is disagreement, a clear disagreement," said Sapin in his Handelsblatt comments.

"If you allow (a country) to leave temporarily that signifies that all the other countries in difficulty are going to want to get out of trouble by a readjustment of the currency," Sapin said.

"You don't overcome difficulties by manipulating the exchange rate but by structural reforms which reinforce competitiveness and lead to efforts at budget balancing," he added.

After lengthy negotiations, Greece and its creditors signed a general agreement on July 13 on a third bailout plan but tough talks remain on how to reduce Greece's debt burden.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany wrong to propose temporary grexit Arab Today, arab today germany wrong to propose temporary grexit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany wrong to propose temporary grexit Arab Today, arab today germany wrong to propose temporary grexit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday