Greece Says Bail-Out will put ‘Drachmaphobia’ to Rest
Greece’s finance minister has urged EU leaders to vote to give the struggling country its next tranche of aid when they meet next week and remove the fear of an exit from the eurozone.
from The Telegraph:
Yannis Stournaras said that removing the fear of a Greek euro exit was the single thing that would restore confidence among depositors, and urged EU leaders to agree to the disbursement of the next tranche of Greek aid when they meet on November 20.
The “removal of drachmaphobia” will come after this, he said.
Mr Stournaras also warned that Greece faced a “very high” risk of default.
“Bankrupt, insolvency. We have to be very careful. I understand (our partners) press Greece to take some prior actions (agreed in return for help) but now, the risk of an accident is very high,” Stournaras told the European Parliament when asked what would happen if a long-delayed aid payment was not forthcoming next week.
2012-11-13 21:16:37
Source: http://sgtreport.com/2012/11/greece-says-bail-out-will-put-drachmaphobia-to-rest/
Source:
