Greece: Padoan, can ‘get out of euro medium term but serious problems – AGI – Agenzia Journalistic Italy

Economy

18:07 June 1, 2015

(AGI) – Trento, June 1 – Greece could leave the euro in the short term but the repercussions would Eurozone series. And ‘the thought of the Minister of Economy, Pier Carlo Padoan, that the “Grexit’ and ‘definitely possible, but the question’ if and ‘desirable and what would be the consequences.” For the minister, engaged in a public debate the Festival of Economics in Trento, “in the short term the consequences would be very limited,” but would be “more ‘series in the medium term,’ cause it would mean that the euro would be different than thought,” in fact “would be reversible.” This reflection then led the minister to define “the euro an animal incomplete”, and therefore “the euro can not ‘be where he is now: if you do not go forward, go back.”
Piu’ that the problem Debt Greece pays, according to the minister, the fact of an economy that is struggling to grow. “Greece has already ‘had two debt restructurings,” said Padoan responding to a question on the assumption that the sovereign debt is canceled of the country. “A restructured debt in an economy that does not grow is to have right after a debt that grows again”; that “the problem greek and ‘the economy which is not growing.” (AGI).

“); addCustomPlayer (’16kmxkfmhwbil1i03yl9pwl8z7′, ”, ”, 300, 360, ‘perf16kmxkfmhwbil1i03yl9pwl8z7′, ‘eplayer2′);} else if (window.location. pathname.match (/ ^ / (show) /)) {jQuery (“# ​​bannerDinamico”). html (“”);} else jQuery (“# ​​bannerDinamico”). remove ();});