German Economy Minister: “Horror” of a Greek Euro Exit Has Faded

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the euro zone, saying the ‘horror’ of a potential exit had worn off.
Mr Roesler told ARD public television that Athens’ partners would wait for the progress report of the troika of Greek creditors – the European Union, International Monetary Fund and the European Central Bank.
“Nevertheless I have to say I am more than skeptical,” said Mr Roesler, who is also head of the pro-business Free Democrats (FDP), junior partners in Chancellor Merkel’s centre-right coalition government.
“Unfortunately it is likely that Greece will not be able to fulfil (the troika’s) requirements. And I say quite clearly, if Greece fails to comply with the requirements that there should be no more payments to Greece.”
(source: ARD, AFP)


  1. Nothing will change in Greece because the government is afraid of an up-rise. The Greek government prefer to bankrupt the country and stay in power rather then losing their political career and stripped from all their benefits and maybe sent to exile or prosecuted for crimes against the country and its people. September the country will formally announce bankruptcy because they are unable to reverse this economic crisis and soon this government will bite the dust…