Fekter Warns of Greek Exit

PoliticsDomestic ♦ Published: May 23, 2012; 19:04 ♦ (Vindobona)

Austrias Finance Minister Maria Fekter sees enormous difficulties in the case of an exit out of the Eurozone. The Financial Market Authority (FMA) supports Fekter.

Fekter Warns of Greek Exit / Picture: © Vindobona.org

Fekter reaffirmed that an exit of the financially stricken country would lead to “enormous difficulties”. Austria´s Finance Minister is strictly against the suggestion of the Greek opposition leader Alexis Tsipras to weaken austerity measures. “That will not happen.” Fekter said and underlined that Greece has no alternative. “If Greece does not accept the restrictions by the…