Sunday, January 4, 2015

Germany believes euro zone could cope with Greece exit: report

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A general lack of capital formation since its introduction into the Euro in 2001 has stagnated the economy and sent unemployment, especially among the youth, soaring. Greece should default, declare bankruptcy, and return to the Drachma. This will end the cycle of deflation, capital destruction, and encourage future economic growth. This outcome, if something more than idle talk, it would reverse the trend Greek stocks' trend from down to up.



Headline: Germany believes euro zone could cope with Greece exit: report

(Reuters) - The German government believes that the euro zone would now be able to cope with a Greece exit if that proved to be necessary, Der Spiegel news magazine reported on Saturday, citing unnamed government sources.

Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, Der Spiegel reported.

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