Major International Conference "Bulgaria in the Eurozone, When?" Will Take Place on May 14 in Sofia
The event will bring together esteemed local and international leaders such as Wolfgang Schüssel, former Chancellor of Austria
German Finance Minister Wolfgang Schaeuble still thinks that a temporary exit of Greece from the eurozone would perhaps be a better option for the country.
Schaeuble said this in an interview for Deutschlandfunk radio on Thursday, daily Kathimerini informs.
The idea of a temporary Grexit was aired during the negotiations on a third bailout between Greece and the eurozone at the weekend.
However Schaeuble assured that he would submit a request to the German parliament to reopen negotiations on the bailout agreement “with full conviction”.
According to him, the approval by the Greek Parliament of the austerity reforms, which Athens has to implement in order to be granted the new bailout, was an important step forward.
In his words, many economists expressed doubt that the problems of Greece can be solved without a debt haircut.
Schaeuble explained that a debt haircut would be incompatible with a country's membership to the eurozone, therefore the country will have to exit the currency union temporarily.
Before Greece is granted the new bailout, the parliaments of several EU member states will have to approve the terms of the deal.
The French Parliament overwhelmingly approved the bailout agreement on Wednesday, while the German Bundestag is set to vote on the rescue plan on Friday.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The European Commission has decided to extend the suspension of customs duties and quotas for Ukrainian imports into the EU for another year
Spain, Ireland, and other EU nations are intending to acknowledge Palestine's statehood on May 21, as stated by Josep Borrell, the EU's top diplomat for foreign and security policy
In a pivotal decision with far-reaching implications, European Union ambassadors have reached a consensus on the management of frozen Russian assets
Today, the 9th of May, marks a significant occasion across Europe as nations come together to celebrate Europe Day
Across Europe, May 8th is celebrated as Victory Day, commemorating the Allied triumph over Nazi Germany in World War II
Swedish police assure that Eurovision fans need not be concerned about safety despite heightened tensions due to recent conflict in Gaza
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU