Dropping Currency By Some Does Not Mean Fall Of Euro

Posted by admin | Posted in Business & Society | Posted on 09-01-2012

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Dropping Currency By Some Does Not Mean Fall Of EuroOn Saturday, the head of one of Angela Merkel’s coalition partners said the European Union would be fine if a country dropped the currency.

In an interview with Deutschlandfunk radio, Horst Seehofer, leader of the conservative Christian Social Union (CSU), said he did not agree with Merkel’s statement “If the euro fails, Europe fails.”

“There are many healthy economies in Europe that do not have the euro, and Europe works nonetheless,” he said in a transcript of the interview. “Great Britain is an example.” “I am not proposing it, but if Greece did leave, it would not bring damage and destruction to European integration,” he said.

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