The German government assumes that the consequences of an exit of Greece from the euro area can strengthen the single-currency region in the long term, Spiegel magazine reported, without saying where it got the information.
Lawmakers are preparing for Greece’s departure from the common currency in case the debt-strapped country’s new government doesn’t commit to carry forward reforms that have already been agreed to, the magazine said.
In the government’s baseline scenario, the euro region would become more stable after initial turbulence, while in a very-worst-case scenario, Greece would suffer from increasing debt and recession for decades, Spiegel said.
(source: Βloomberg)
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