Slovak PM Says Keeping Greece in EU is Better Option

Slovak Prime Minister Robert Fico said on Monday he believed it was better to keep Greece in the euro zone than it was to let it fall out.

“I believe that, at the end of the day, at least politically we will come to a conclusion that Greece remaining in the euro zone has more advantages at this moment than disadvantages,” Fico said. Slovakia’s position on Greece has been that it wanted to see Greece stay in the euro zone, but not at any cost.

Euro zone officials welcomed Greek concessions on Monday as a possible step towards a deal on averting a default, but politicians dismissed expectations of a breakthrough at a leaders’ summit later in the day to secure the country’s future in the euro. (Reporting by Tatiana Jancarikova; Writing by Jason Hovet; Editing by Larry King)

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza