Most Germans favor eurozone exit - Gayo Lues
The Emnid poll for the Bild am Sonntag weekly showed 51 percent of Germans believed their country would be better off without Europe’s single currency, AFP reported on Sunday.
As recently as last month, German finance ministry said it feared the country could face a significant economic slump in the event of a eurozone breakup.
The June 24 report in Spiegel news weekly suggested that German economy could contract up to 10 percent in the first year after the currency bloc break up, while unemployment could jump to more than five million people.
Various eurozone’s member states have been struggling with deep economic stagnancy since the bloc’s financial crisis began roughly five years ago.
Rising unemployment in Germany signals that even Europe’s biggest economy is not immune to the economic crisis in the eurozone and cannot be depended on to prop up growth.
KA/JR
source: Presstv.ir – Europe News
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