Happens In Greece The economic crisis from another point of view

Wolfgang Schaeuble : ‘Greece will temporarily relinquish some of its sovereignty!’

Four days after the EU decision on Greece's dept, Finance Minister Wolfgang Schaeuble gave an interview on the Sunday version of Der Spiegel magazine.

In his interview, Mr. Schaeuble said that "In exchange for continued and more long-term assistance from the members of the euro zone, Greece will have to take tough measures and temporarily relinquish some of its sovereignty".

He also made clear that "Greece is a unique, exceptional case for Eurozone that calls for a special solution" and that the solution of the "haircut" will not be followed with other countries having problems with dept (like Ireland and Portugal).

Finally, he admits that "no country would willingly submit to such severe measures as Greece"

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