Huffpost Business

Wolfgang Schaeuble, German Finance Minister: Eurozone Would Survive Greek Exit

Posted: Updated:
Getty Images
Getty Images

BERLIN -- German Finance Minister Wolfgang Schaeuble is suggesting the eurozone could deal with an abrupt exit by Greece, even though he says he doesn't want that to happen.

Schaeuble was quoted by the Rheinische Post newspaper Friday saying Greece has to fulfill its financial obligations in order to stay in the 17-nation eurozone, but that Athens could not be forced.

Should Greece leave, Schaeuble says "we have learned a lot in the last two years and built in protective mechanisms."

He adds: "The risk of effects on other countries in the eurozone have been reduced and the eurozone as a whole has become more resistant."

Greece is currently trying to form a new government and risks losing its rescue loan lifeline if it does not pass further austerity measures and reforms.

Around the Web

Germany: Eurozone could cope with Greece exit - CBS News

Euro Rescue Debate: Schäuble Pushes for New EU Treaty ...

Greece Euro-Exit Debate Goes Public - Bloomberg

Germany: Eurozone could cope with Greece exit - WCAX.COM ...

German finance minister Wolfgang Schaeuble says eurozone ...