German Economic Council Backs Exit For “Uncooperative” Eurozone Members
by Tyler Durden
ZeroHedge.com
07/28/2015
The German Council of Economic Experts is out with a new report on euro area crisis management which backs state bankruptcies and euro exits for governments deemed “uncooperative.” “A permanently uncooperative member state should not be able to threaten the existence of the euro. In view of this, the Council of Economic Experts recommends that the withdrawal of a member state from the currency union must be possible as an utterly last resort,” the council says.
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