Greece Must Cut Debt or ‘Probably’ Exit Euro, Flaherty Says
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Greece may have to leave the euro if it fails to press ahead with its budget-cutting plans, Canadian Finance Minister Jim Flaherty said.
“It’s necessary for the Greek government to stay the course,” Flaherty told reporters in Marseille, France, where he is attending a meeting of Group of Seven officials. “The alternative is probably that they leave the euro. I expect the Greek government would want to continue their fiscal consolidation.”