Wednesday, May 25, 2011

EU's Damanaki tells Greece euro membership at risk

Reuters
May 25, 2011

Greece must take tough measures to deal with its debt crisis or it will have to return to the drachma, the EU's Fisheries Commissioner Maria Damanaki said on Wednesday.

"I am forced to speak openly," Damanaki was quoted as saying in a statement by the semi-official Athens News Agency. "Either we agree with our lenders to a programme of tough sacrifices ... or we return to the drachma."

Damanaki, appointed by the ruling socialists, said Greece's biggest postwar achievement, joining the euro, was at risk and all else was secondary.

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