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GreekReporter.comGreek NewsEconomyFormer EU Commissioner Says Greece's Crisis May be Remembered as Success Story

Former EU Commissioner Says Greece's Crisis May be Remembered as Success Story

The Greek crisis may well be remembered in the future as the best success story of the euro, said Italy’s former EU Commissioner and president of Bocconi University, Mario Monti, speaking at the launch event of EurActiv Italy.
According to Monti, there is no crisis of the euro, because the symptoms of a weak currency, inflation and exchange rate, are not there. Instead of this, Europe is going through a public debt and banking crisis, which can be tackled through rigorous structural reforms.
The crisis in Greece has triggered an attack on nepotism and corruption which are poisoning the stability of the country, said Monti.
“Even if Greece will not do all that Germany asks, they are putting in place the restructuring of their own rules, which is what Germany asked.”

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