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Wednesday, June 17, 2015

Greek euro exit would be long-term blow

A Greek exit from the euro zone would be a lasting blow to Greece and to the European Union's most ambitious political and economic project, a former head of the European Council of EU leaders said on Wednesday. Herman van Rompuy told a Brussels conference that if Greece were to leave the euro zone, that would also have geopolitical repercussions in the current standoff with Russia over Ukraine, emboldening Moscow to see Europe as weak. "Everybody has to realise that once you go out, I would not say it is forever ... but it is for a very, very long time," said the former chairman of EU summits who stepped down last October.


READ THE ORIGINAL POST AT uk.news.yahoo.com