Austrian fin min in an interview with online newspaper Die Presse
For Europe, this would be easy to manage economically. For Greece it would indeed be considerably more dramatic
Schelling said that Greece would need humanitarian aid in case of Grexit but described fears of widespread poverty as overstated
" There's a propaganda war going on here. It's exaggerated to think that all the Greeks will have to live in the streets or won't have access to medical care"
He added that whatever the outcome of tomorrow's planned referendum the country will need to negotiate a fresh aid programme with new conditions.
" A new aid programme needs to be started. The old one is dead and can't be extended. And a new aid programme takes time. In addition there can be no new lending without conditions"
Reuters reporting
Propaganda war? Of course. And it's been going on from both sides for far too long. Sadly part of the process
Schelling it's Greece, not Europe, who will suffer most
