22.04.2016 - 08:24 [ Keep Talking Greece ]

Schaeuble pleasurably chews his bitter-sweet Grexit candy

In fact, German Finance Minister Wolfgang Schaeuble agrees with the International Monetary Fund in one thing: they both doubt about the success of the 3. bailout program. However, as Schaeuble can never agree on the Greek debt relief proposed by the IMF, he chews again on this little bitter-sweet candy called Grexit. In his usual subtle way. He doesn’t say it explicitly he only says that it is difficlut for a country to recover within the euro zone since “it lacks the option of currency devaluation.”