Greece must choose between reforming its economy or leaving the euro, Luxembourg’s finance minister said Thursday, stressing that Athens faces tighter surveillance from the European Union.
Frieden warned that while the eurozone cannot kick a member out, Greece must reform in order to fulfill conditions to stay in the 17-nation eurozone.
“We all have an interest in keeping the eurozone intact, but we are not in a dictatorial monetary union.”
“A state is free to choose to leave,” he said.
“If a member state says, ‘we prefer not to take money from other states and return to a national currency without making structural reforms,’ then that state has chosen to exclude itself,” Frieden said.
“It is therefore the responsibility of the Greek people to choose whether they want to stay in the eurozone.”
(Source:http://economictimes.indiatimes.com)
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