Germany's finance minister hints at Grexit, again

July 16, 2015 18:46

Germany's finance minister, Wolfgang Schauble, suggested that Greece might be better off leaving the euro, saying that a temporary exit from the common currency could give the country additional flexibility to reduce its crippling debt load. It was the second time this week that Schauble has raised the idea in public.

His statement, in a radio interview, came just hours after the Greek Parliament reluctantly approved a package of economic policy changes, demanded by Germany and other creditors, intended to allow Greece to remain in the eurozone and to qualify for a new round of bailout financing.

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