The specter of Athens exit the eurozone, restless in Germany to twenty days of Greek law, has reduced the major exchanges Monday despite reassurances from the European Commission on securing the country the single currency.
This scenario of “Grexit” feared the peak of the debt crisis, there two years and during Greek parliamentary previous spring 2012, resurfaced with published information Saturday in the German weekly Der Spiegel.
According to these reports, the German government considers “almost inevitable” a Greek exit from the euro if the party of the radical left Syriza wins the parliamentary 25 January decided to abandon fiscal discipline and not to repay the debt of the country
The markets reflected these concerns Monday, major stock markets have experienced significant falls. Paris -3.31 %, Milan and Madrid -4.92% over 3%.
The Athens Stock Exchange fell 5.63%, the Athex index dropping below the 800-point mark
The euro continued its decline against the dollar.: he fell in early Asian trade on Monday at 1.1864 dollars, its lowest level since March 2006.
The threat of Greek exit from the euro zone is the main element the election of Greek Prime Minister and leader of the right Antonis Samaras, as in the previous legislative he swept face Syriza.
“The maintenance of the country in the euro area” is the stake in these elections, he launched just last week, following the failure of Parliament to elect a new president, which led to the dissolution of Parliament and the organization of early elections.
“The Greeks want to stay in Europe and they will stay there. We are not going to move to North Korea … because Syriza demand it, “he said Monday night during a campaign speech in Thrace (north) accusing SYRIZA new anti-European policy.
Spiegel The information has been controversial in Germany, where they were seen as a way for Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble, to put pressure on Greek voters.
– a real dilemma –
Trying to extinguish the fire, the European Commission said Monday that membership of a country in the euro area was “irrevocable”
.
“We do not get into speculation and scenarios that might be interpreted in a context that does not arise,” said one of his spokesman in Brussels, Margaritis Schinas.
Syriza welcomed the Commission’s statement. He also recalled that the head of the European Central Bank, Mario Draghi, who felt that there would be no split in the euro area.
“It’s dangerous and irresponsible government of Antonis Samaras keeps (scenario) of the famous Grexit,” he insisted.
Its leader Alexis Tsipras found that the alarm was the fact that fear of “a small minority”, citing “the conservative head of the German government and the populist press.”
French President Francois Hollande, “the Greeks sovereignly free to decide their government. “
Even if a Greek exit from the eurozone is more truly considered by analysts due to some improvement in public finances, markets afraid of the judgment of reforms based on the austerity policies dictated by the EU and IMF creditors.
The risk that Greece faces a “major accident, including the Grexit scenario is part “is estimated at 30% Hölge Schmieding, Bank analyst Beremberg. And “because of advances in Spain, Portugal, Ireland and the European Stability Mechanism (ESM), a Greek accident does not threaten the euro area,” said the analyst.
After five years drastic austerity measures that caused the explosion of unemployment, the Greeks are the majority of pro-Europeans, do not hesitate to express their weariness face this dilemma. “I do not think we will come out of the euro; anyway, same with or without the euro, our life is miserable, “summarizes Efthyhia an Athens fifties.
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