Ackermann interview sparks debate on Greek rescue PDF Print E-mail
Ethiopian Review. World News Digest ... While Ackermann said on ZDF the European Union is sure to lose the money it invests in Greece, he emphasized the necessity of avoiding a Greek bankruptcy. That would lead to a “kind of meltdown” and would “very certainly affect other countries,” he said. ... If Greece were to use a devalued drachma, the favorable exchange rate would make its exports more competitive and its tourism industry more attractive, according to Starbatty. ...
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