Pages

Sunday, July 12, 2015

Eurozone crisis: which countries are for or against Grexit

With an emergency voting procedure potentially coming into play as eurozone splits widen, how do member states line up on the idea of expelling Greece?As emergency talks drag on, the prospect of Greece tumbling out of the currency union is dividing Europe like never before.After five years of battling to keep Greece in the eurozone, the German chancellor, Angela Merkel, is now warning that there cannot be a deal at any cost. A German government paper floated the idea of expelling Greece from the eurozone for at least five years. But France and Italy argue that Greece must be kept in the currency union, fearing Grexit would be a historic mistake that would damage the credibility of the entire European Union. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com