German Chancellor Angela Merkel, said that would be “catastrophic” to allow Greece leave the euro zone, which would be “incredibly weak” in a television interview broadcast on the BBC on Monday.
“We made the decision to join a monetary union. It is a decision not only monetary but also political,” said Angela Merkel.
“It would be catastrophic if we said to one of the countries that chose to be with us ‘and did not want any more,’” he said. “In addition, treaties (Europeans) do not. People around the world will ask, ‘Who’s next?’ The euro zone would be incredibly weak, “he continued.
The Chancellor added in the interview that Greece, which agreed two bailout plans with the European Union and the International Monetary Fund (IMF), have before “a long and hard”, but would be “a huge political mistake to allow” this country leaves the euro, now shared by 17 states.
“The situation is very tense. Europe, particularly the euro zone is in crisis. This crisis is the result of the global financial crisis and provoked very harsh discussions in many countries,” Merkel said, when questioned about the emergence of a alleged anti-German sentiment in Greece.
Angela Merkel also reiterated his support for the presence of the United Kingdom in the European Union, although the prime minister David Cameron refused to join the new fiscal pact in Europe. “Britain should know that in Germany we want a Britain strong in the EU, is what we always wanted and always will want,” he said.
Category: Business News