Grexit NEXT? Martin Schulz will NOT rule out Greece leaving crumbling eurozone
MARTIN Schulz has not ruled out Greece leaving the crumbling Eurozone as the country continues to battle its way through debt woes.
By BELINDA ROBINSON
Wed, Apr 12, 2017
The leader of Germany’s Social Democrat party said in an interview that Greece’s future was dependant on how it implements reforms.
Mr Schulz appears to be adopting Angela Merkel’s line on the debt-ravaged country along with that of her hawkish finance minister Wolfgang Schauble in a bid to bag votes.
It comes as the former president of the European Parliament faces increased pressure from German voters to prove that he is not soft on Greece and other Eurozones that are swimming in debt.
In order to become leader, he must show that he too will act tough on Greece – just like Mrs Merkel – who is seen as being reliable on fiscal lapses.
But it is an uphill battle, as a poll, conducted by the ZDF TV Channel, showed that 34 per cent of likely voters consider Mrs Merkel more trustworthy than her SPD rival Mr Schulz.
Mr Schulz is now making several U-turns on policies that he previously championed.
One of these was a suggestion of mutualising the eurozone’s debts by issuing eurobonds – an idea that was opposed by Mrs Merkel and which Mr Schulz has now ditched.
He said: “The only interesting thing about bonds is James.”
He added that he scrapped the idea because it had been made redundant by the creation of the European Stability Mechanism, the euro area’s bailout fund.
However, Mr Schulz has remained steadfast on his plans for Nato spending – which could put him at odds with the US president Donald Trump, the FT reports.