Should Greece be kept in Eurozone at all costs?

Euranet, 07.07.2015

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Would it be better if Greece left the eurozone? Or should the country be kept in the eurozone at all costs? Some say that five years ago the Grexit would have constituted a real problem because the eurozone countries were not prepared and integrated enough with each other. Greece’s bankruptcy might thus have caused a domino effect into other debt-ridden countries like Italy, Spain or Portugal. [...]

Janis A. Emmanouilidis from the European Policy Center in Brussels believes that both parties are equally responsible for the situation. “In this situation, like in many others, responsibilities need to be found everywhere. Everyone, if the situation moved on very negatively, would have to take a certain blame. I think the Greek government, which has committed many mistakes, has fallen into a trap of miscalculations, maybe also at times of trying to gamble without being sure what it is doing,” Emmanouilidis said.

“So if things worked out very negatively, and we would then, in retrospect, look at who did and who did not commit mistakes, obviously we will also include other EU member states, including also the Germans who were playing in it a leading role. They will also have to assume a certain responsibility”, he added.

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