Europe will stick with the euro, German minister says | Bangkok Post: business

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Europe will stick with the euro, German minister says

European states will remain tied to the eurozone, according to German Finance Minister Wolfgang Schauble.

"Despite all the uncertainty, I see all the member states of Europe sticking to a common monetary union," he said last night in a speech at the Bank of Thailand.

Financial markets have been rumbling about the possibility of Greece leaving the eurozone as the country struggles to slash spending and meet terms set by the "troika" of the European Commission, the European Central Bank and the International Monetary Fund.

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  • spiceman

    United StatesPost : 3,482

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    Discussion 1 : 16 Oct 2012 at 04.101

    For the Germans, it is hard to choose between a rock (get out of Euro and start over) and a hard place (go down with the Euro in solidarity). But for Greece and Spain, the choice has already been chosen years ago, which is economic catastrophe, and social unrest. What's about Thailand?

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