Italian finance minister sees Grexit as bigger risk in medium rather than short term
Greece crashing out of the euro, or ‘Grexit,’ doesn’t pose a short-term risk to the shared European currency but a medium-term one as it demonstrates that the union is not permanent, Italy’s finance minister said on Friday.
If Greece abandons the euro “the monetary union becomes a different animal. A group that is possible to leave, it will no longer be irreversible,” Finance Minister Pier Carlo Padoan said in Friday’s issue of La Repubblica.
[AFP]
