EU's Schulz says Greece will have to introduce another currency if they vote No

Author: Mike Paterson | Category: News

Head of the European Parliament Martin Schulz speaking today on German radio

"Is Greece still in the euro after this referendum? That is certainly the case, but if they vote No they will have to introduce another currency after the referendum because the euro is not available as a means of payment

The moment someone introduces a new currency, they exit the Eurozone. Those are the elements that give me some hope that the people will not vote No today"

Schulz's comments are amongst the clearest yet on currency issues by a senior EU official and will only add to the euro uncertainty in the aftemath. Does a No vote necessarily mean exit from the Eurozone and a new currency? He certainly seems to think so

 Recent polls showed an overwhelming desire of Greeks to keep the euro despite the Yes/NO voters running neck and neck

Reuters reporting the interview with Schulz on Deutschalndfunk

                             Shulz sending a stark warning to the No voters
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