Grexit shock: How Germany called for Greece to be turfed out of eurozone

GERMANY called for Greece to be turfed out of the eurozone for at least five years, according to unearthed reports.

The euro area was already fragile before the outbreak of coronavirus. Eurozone real GDP increased just 0.1 percent quarter on quarter and 1 percent year on year in the fourth quarter of 2019, resulting in the weakest performance in six years. Germany’s output was flat, while Italy and France suffered contractions.

IHS Markit expects the spreading virus to do serious damage to trade, travel and tourism, financial markets, and sentiment.

Italy is especially vulnerable, given...
source: Express

2020-03-30 13:47
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