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Jochen Bitner, political editor of the German newspaper Die Zeit, on rescuing Greece outside the eurozone as the best solution in July 2015
07/07/2015
The editor of a liberal newspaper in Germany reflects prevailing German opinion that the best solution for the eurozone is to rescue Greece outside the eurozone, not inside. The referendum in Greece removed the last bit of resistance to that solution as it opens up the possiblility of arepeat in Spain, Portugal, and other countries for populist movements calling for early debt writeoff which would endanger the very existence of the euro, and created a divided Europe after decades of effort by France and Germany to create the European Union. With the economies of France, Spain and Italy making a recovery the eurozone and the EU may actually be stronger in coming years, laying the foundation for the future with better rules based economic and political governance.
Grouped Articles
It’s Time for Greece to Leave the Euro
New York Times 07.07.2015
Economist 07.19.2015
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