'Grexit' poses medium-term risks to euro: Italy
Greek euro exit will demonstrate union is not permanent, says Italy finance minister
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Rome
GREECE crashing out of the euro, or "Grexit", does not pose a short-term risk to the shared European currency but a medium-term one as it demonstrates that the union is not permanent, Italy's finance minister said on Friday.
If Greece abandons the euro, "the monetary union becomes a different animal", Finance Minister Pier Carlo Padoan was quoted as saying in Friday's issue of La Repubblica. "A group that is possible to leave, it will no longer be irreversible."
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
