Monday, January 5, 2015

Greece Free to Decide on Its Stay in Eurozone (Hollande)

Greece is free to decide on its future in the eurozone as long as the country fulfills its assumed obligations, France's President Francois Hollande said Monday.
"The Greeks are free to choose their government on their own… However, there are certain obligations that have been assumed and that certainly should be fulfilled," Hollande said in a live interview to French Inter radio.

The president also noted that it is up to Greece to decide on its further stay in the eurozone.

German Finance Minister Wolfgang Schaeuble also stated earlier that any new Greek government would have to pay its debts if it decides to exit the eurozone.

Greek participation in the eurozone has been in the spotlight following the failure of the country's parliament to elect a president in the second and the final third rounds of voting. As a result, the Greek parliament will be dissolved, with snap election to take place on January 25. The opposition party Syriza, which promised to reconsider the country's agreements with foreign creditors, is likely to win the upcoming election, according to polls.

On Saturday, Germany's Spiegel Online magazine reported that the German government considers the exit of Greece from the eurozone inevitable if Alexis Tsipras, the leader of Syriza, wins the upcoming elections. The magazine states that, with a Tsipras victory, the Greek government will backtrack on the austerity measures, halt the interest payments and repayment of the national debt.
[sputniknews.com]
5/1/15
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3 comments:

  1. "Grexit"-Spekulation : Euro rutscht schlagartig unter 1,20-Marke ..

    Die Furcht vor einen möglichen Austritt Griechenlands aus der Euro-Zone löst Kursverluste bei der Gemeinschaftswährung aus. Der Euro-Kurs fällt in Fernost auf den tiefsten Stand seit neun Jahren.

    Der geänderte Kurs der Bundesregierung gegenüber Griechenland bleibt nicht ohne Wirkung: So rutschte der Euro ist am Montag im fernöstlichen Handel zum Dollar auf den tiefsten Stand seit Anfang 2006. Die Gemeinschaftswährung kostete 1,1860 Dollar, nachdem sie am Freitag noch mit 1,2002 Dollar gehandelt worden war.

    Zuletzt konnte sich der Euro allerdings etwas erholen, lag aber mit 1,1936 Dollar immer noch deutlich unter der Marke von 1,20 Dollar, unter der er zuletzt im Sommer 2010 gestanden hatte................http://www.welt.de/finanzen/article136009837/Euro-rutscht-schlagartig-unter-1-20-Marke.html
    5/1/15

    ReplyDelete
  2. French President Francois Hollande said on Jan. 5 countries including Spain and Greece had paid a heavy price to stay in the euro and it was "up to the Greeks" to decide whether to now remain a part of the single currency...

    His comment in an interview with France Inter radio came in reaction to a media report at the weekend that said the German government believed the euro zone would now be able to cope with Greece leaving the euro.

    Germany's economy minister later said Germany wanted Greece to remain in the euro zone and there were no plans to the contrary.

    "As for Greece remaining in the euro zone, Greece alone can decide," Hollande said...................http://www.hurriyetdailynews.com/frances-hollande-says-euro-zone-membership-up-to-greeks.aspx?pageID=238&nID=76494&NewsCatID=351
    5/1/15

    ReplyDelete
  3. Grèce: l'appartenance à la zone euro est "irrévocable", dit l'Europe ...

    L'appartenance d'un pays à la zone euro est "irrévocable", a rappelé lundi une porte-parole de la Commission européenne, en réponse à une question sur une possible sortie de la Grèce de la monnaie unique.

    "L'appartenance à l'euro est irrévocable", a dit Annika Breidthardt au cours d'un point de presse, rappelant que cette règle était inscrite dans le Traité de Lisbonne, "article 140, paragraphe 3".

    Quant à savoir si une telle option est faisable, "nous n'allons pas entrer dans des spéculations et des scénarios qui risquent d'être interprétés dans un contexte qui ne se pose pas", a renchéri un autre porte-parole, Margaritis Schinas...............http://www.rtbf.be/info/monde/detail_grece-l-appartenance-a-la-zone-euro-est-irrevocable-dit-l-europe?id=8714392
    5/1/15

    ReplyDelete

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