Greece leaving the eurozone, dubbed the ‘Grexit’, would be a major blow for the European Union, as it would trigger a domino effect and eat deeply into taxpayers’ pockets, said the Greek Prime Minister Alexis Tsipras
“I think it’s obvious. It would be the beginning of the end of the eurozone. If the European political leadership cannot handle a problem like that of Greece, which accounts for 2 percent of its economy, what would the reaction of the markets be to countries facing much larger problems, such as Spain or Italy which has two trillion of public debt?,” Greek Prime Minister Alexis Tsipras told Corriere Della Sera Tuesday.
A ‘Grexit’ would be disastrous for the eurozone, as it would lay a heavy burden on European taxpayers, Tsipras added. (full interview in English via RT.com)
And he is right. Because it is the markets ‘regulating” the eurozone, not the politicians. Not even Germany.