Schaeuble Says If Greeks Had Own Currency It Would Devalue
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German Finance Minister Wolfgang Schaeuble said that Greeks are better off in the euro, for all the efforts required to stay in the single currency.
“The advantages for the Greeks are greater, but it will be strenuous,” Schaeuble said today during a visit to a Berlin school. “The price if they decide to leave the euro is very high.” If Greece left and reintroduced its own currency, it would devalue, he said.