Greece Can’t Plan a Barbecue, Let Alone a Currency, Nielsen Says

Greece isn’t likely to leave the euro as the government wouldn’t have the capacity to issue a replacement currency, UniCredit SpA Chief Global Economist Erik Nielsen said.

Arranging the production of new banknotes wouldn’t be an “easy task for a government that cannot organize a barbecue, frankly speaking,” Nielsen said in an interview on Bloomberg television on Friday. “I really don’t believe they have either the political or technical capability of starting their own currency. Money needs to be a commodity of trust, and I don’t think they have the trust in the population.”