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Stournaras: Greece could have been like Egypt

Finance minister says default and euro exit would have made Greece like Egypt

'We would have been like Egypt if we went bankrupt and left the euro, as some argued,' Finance Minister Yannis Stournaras said, after a meeting with the troika that went into the early hours

This could have been Greece: Fireworks light up the sky as hundreds of thousands of Egyptians celebrate in Cairo's Tahrir Square on 3 July 2013, after Egyptian army chief Abdul Fatah Khalil Al-Sisi's speech announcing the Egyptian army's toppling of President Mohamed Morsi This could have been Greece: Fireworks light up the sky as hundreds of thousands of Egyptians celebrate in Cairo's Tahrir Square on 3 July 2013, after Egyptian army chief Abdul Fatah Khalil Al-Sisi's speech announcing the Egyptian army's toppling of President Mohamed Morsi The finance minister has claimed that Greece would have shared the same fate as Egypt, where a military coup removed the democratically elected president on Wednesday, if it had defaulted and left the European common currency.

"We would have been like Egypt if we went bankrupt and left of the euro, as some argued," Yannis Stournaras said, when asked to comment on recent developments in Egypt.
 
He was speaking at around 2.30am on Thursday morning, after a meeting with troika inspectors.

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Economy
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Egypt
Yannis Stournaras