Friday, 12 June 2015

Euro Will Survive 'Grexit' Says Barroso

BBC AMERICA: A Grexit (Greek exit) from the single currency would break a taboo and set a precedent, the former president of the European Commission Jose Manuel Barroso has told BBC HARDtalk.

There was a possibility Greece would leave the euro, Mr Barroso said but he believed that it would not happen and trusted there would be "commonsense and wisdom" on the side of the Greek government and some "spirit of accommodation" from the other countries.

The euro is "credible, strong and stable," and would survive Greece leaving the single currency he added. (+ BBC video) » | Wednesday, June 10, 2015