Germany sees Greece continuing on reform path

A possible eurozone exit of Greece has come into focus again.

The German government over the weekend denied that it has changed its position on a further membership of Greece in the eurozone. “The federal government expects, that Greece will continue to meet its commitments,” government spokesman Georg Streiter said. Streiter was reacting to a report by German weekly Der Spiegel, which claimed the German government believed a euro exit of Greece would now be manageable. French President Francois Hollande said on Monday it was up to the Greeks to decide if they want to keep the euro. “Greece will decide by itself on the eurozone,” he told French radio broadcaster France Inter. The cep warned already last year, that the relatively low yield on a first emission of Greek government bonds on the capital market was lowering the willingness of the country to continue on its reform path.