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The euro protects Greece from the Argentinian catastrophe

23 May 2012 / 21:05:15  GRReporter
4582 reads

I think it would be a suicide for Europe to let Greece out of the euro. It would be such a colossal failure for the whole European Union, so I think they have to try to do everything possible to keep the country in the euro zone. I am not sure that there would be a third financial package for Greece, but I definitely think that Brussels would take extra measures to approach the crisis in a better way than they did till now.

What is your advice to the ordinary people in Greece, if the country is about to fall into disorderly default?

The advice that I can give to the Greek people is that they have to keep calm, take decisions based on reason, not on emotions and to not forget that they have the safety net of the European Union and the euro zone. This is the advantage that Argentina did not have in 2001.

 

Tags: EconomyMarketsthe ArgentineGreeceCrisis
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