Klaus Kaldemorgen: “Donkey carts in Greece of Drachma!”
Klaus Kaldemorgen the chief of fund management company DWS talked about the the consequences of a possible exit from the eurozone.
According to Deutsche Welle, the German manager warned Greeks to avoid by all means a return to the drachma. An exit scenario would be catastrophic for Greece making the country more poor than Albania:
"If Greece returns to drachma, VW cars would be replaced with donkey carts in Greek roads! Greece will become poorer than Albania. That's the truth and it should be said clearly to the Greek people."
On the other hand,Klaus Kalntemorgken is facing the future of Eurozone with optimism. He is pleased with Angela Merkel's management on the debt crisis which according to Kalntemorgken aims to restore fiscal discipline. Moreover, he believes that the political change in Italy is positive development and that Europe has the potential to overcome most of its problems even in the first quarter of 2012.







