Merkel gives for closed controversy over possible Greek exit from the … – Ambito.com

     Business
    
    
    Sunday July 19, 2015
    
         
    

Greek banks reopen

 Angela Merkel
   

The German Chancellor, Angela Merkel , adjourned the controversy over a possible Greek exit from temporary the euro zone, ruled the cessation of his finance minister, Wolfgang Sch ^TM uble , and called for “look forward”.

The head of the German Government was speaking at the traditional “summer interview” of the German public television channel ARD, where the Greek crisis and the recent agreement on a third bailout of up to 86,000 million, caught the attention.

“The ‘Grexit’ was on the table but we decided for another option. And what counts now is the result of negotiations. The eurozone members Greece agreed to negotiate a new aid package. That’s what we must carry out now, “ said Merkel.

In his view, “there was only one possibility” and was finding a “whole way” with Athens, since any other choice would lead to “chaos”.

“The important thing now is the result. The options are discussed and decided by all eurozone members considered the best”, he insisted the chancellor, who was hopeful that Greek banks may reopen tomorrow after two weeks of playpen.

“I do not intend to continue with this discussion” settled.

The chancellor also reiterated that a “removed in the classical sense” with a lightening of debt hanging over Athens, “may not occur within a monetary union.”

However, Merkel also explained that, as has been agreed, when it comes “first review” of the progress of the rescue that is, the degree of implementation of reforms and adjustments could speak of Greece- a restructuring of the Greek debt.

The head of the German Government considered that the negotiations will begin in a few weeks will be “hard” and regretted that the various Greek governments have not implemented reforms they already asked in 2010, when the first bailout was agreed .

In contrast, other countries have implemented reforms and is now in a better situation, he reasoned Merkel, who said that now “the euro is stronger” and “worst” has happened in Ireland, Portugal, Spain and Cyprus, “where there already are growing and creating jobs.”

“In this sense we have achieved important things,” he said summing up five years of debt crisis in Europe.

About the rumors about a possible resignation of his finance minister, Wolfgang Sch ^TM uble, by differences over the best solution for Greece, the Chancellor said “No one has asked cessation”.

Finally, with regard to Germany’s image after the agreement, Merkel said there is “winning beauty contests” but to do what is necessary.

Meanwhile, French President François Hollande , which lobbied hard to reach agree- said the Greek crisis weakened the faith of Europeans in the European project and returned the calls for the creation of a government of the euro area.

“What threatens us is not an excess of Europe, but its failure,” Hollande wrote in an editorial in the weekly Journal du Dimanche.