BBC: Euro falls on rumours Greece is to quit the eurozone
The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency.
German magazine Der Spiegel reported that a meeting was taking place on Friday evening about Greece readopting its own currency.The claim was vigorously denied by Greece and Germany.
However it was later confirmed that ministers from five eurozone countries were meeting in Luxembourg.
Full text
Comment: Greece has become a member of the EU and of the euro mainly for symbolic reasons as one of the main sources of the so-calle "European identity". Economically, the country has been unqualified from the beginning. Chances are high that the rest of the euro club will keep Greece in even at hight cost. In politics symbolism is reality.
No comments:
Post a Comment