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Fekter in Favour of Mechanism for Excluding Countries from Eurozone

Published: August 30, 2012; 16:10 · (Vindobona)

Austria´s Finance Minister Maria Fekter: “It will take time to implement”. Fekter wants to address countries which constantly create financial burdens for other member states.

Fekter in Favour of Mechanism for Excluding Countries from Eurozone / Picture: © ÖVP Bundespartei / Jacob Glaser

Austrian Minister of Finance Maria Fekter believes that the EU needs a mechanism by which it can, if necessary, exclude countries from the Eurozone: “We need a vehicle that will enable us to shut a country out of the Eurozone if it constantly creates financial burdens for the other member states.”

However, Fekter does not think it realistic to expect such a mechanism to be…

This article includes a total of 281 words.

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