Bavar­ian fi­nance min­is­ter sees Greek exit likely

Kathimerini English - - Focus -

BERLIN (Reuters) – Greece will not last in the euro­zone in the long run and of­fi­cials work­ing on a re­view of its bailout pack­age should pre­pare for such a pos­si­bil­ity, a se­nior mem­ber of the Bavar­ian sis­ter party of Chan­cel­lor An­gela Merkel’s con­ser­va­tives said. Greece has lost a quar­ter of its na­tional out­put since it first sought fi­nan­cial aid in 2010. Its cur­rent bailout pack­age is the third in seven years. “Greece is un­likely to sur­vive in the euro­zone over the long term,” Bavar­ian Fi­nance Min­is­ter Markus Soeder told the Han­dels­blatt news­pa­per in an in­ter­view pub­lished yes­ter­day. Soeder urged of­fi­cials work­ing on the bailout re­view to de­velop a “plan B,” or al­ter­na­tive plan. “We’ll see if Greece meets the con­di­tions. I’m very skep­ti­cal,” Soeder said, adding that the par­tic­i­pa­tion of the In-

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