A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Wednesday, May 22, 2024

Eurozone looks at Greek exit as leaders meet

Eurozone looks at Greek exit as leaders meetBrussels – European leaders, at odds over how to resolve the deepening crisis in the euro zone, have been advised by senior officials to prepare contingency plans in case Greece quits the single currency area.
“The Euro group working Group (EWG) agreed that each euro zone country should prepare a contingency plan, individually, for the potential consequences of a Greek exit from the euro,” said one euro zone official.
The Greek Finance Ministry denied there was any such agreement but Belgian Finance Minister Steven Vanackere, asked by reporters ahead of the EU summit said, “All the contingency plans (for Greece) come back to the same thing, to be responsible as a government is to foresee even what you hope to avoid.”
The news comes at a highly sensitive time with EU leaders gathering to try to breathe life into their struggling economies at a summit.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

HH Sheikh Ahmed Opens Arabian Travel Mart

H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of...

King Charles to Resume Public Engagements

Buckingham Palace has confirmed that King Charles will be...

President of China on a Europe Visit

Chinese President Xi Jinping arrived in Paris for a...

Dubai Maintains Tourism Growth

Dubai's tourism sector continues to soar, with a record...

Dubai Crown Prince attends Armed Forces Celebration

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,...

UAE & New Zealand discuss economic partnership

The United Arab Emirates and New Zealand have embarked...

UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...