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Euro zone may do without Greece – French minister

November 03, 2011, 13:44 UTC+3
In the opinion of Leonetti, the European Union and the euro have the needed potential for continuing their existence after the withdrawal of Greece from the common currency zone
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PARIS, November 3 (Itar-Tass) —— The euro zone may do without Greece, French Minister of European Affairs Jean Leonetti said in a programme of the RTL radio broadcasting station on Thursday.

He expressed confidence that the euro zone could overcome the difficulties created for it by Greece, which is on the brink of a default. In the opinion of Leonetti, the European Union and the euro have the needed potential for continuing their existence after the withdrawal of Greece from the common currency zone. He reminded that the Gross Domestic Product (GDP) of Greece amounted only to 2 per cent of the GDP of the countries, integrated in the euro zone, while its debt amounts only to 4 per cent of the overall debt of the euro zone countries.

 

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