Try BlazeTV for Free
News

Sarkozy: Shouldn't Have Let Greece In Eurozone

"If the euro had exploded on Wednesday night, all of Europe would have exploded."

Although a tentative deal on how to treat the financial crisis in the eurozone was reached yesterday, there are still tensions among its leaders. There is also some voiced regret for how the eurozone has performed in recent years and for past decisions that were made.

French President Nikolas Sarkozy says that although he supports reforms intended to allow Greece to remain in the euro, it was a mistake to let the country join the single currency a decade ago because the country's economic figures were false and it wasn't ready, the Guardian reports.

"If the euro had exploded on Wednesday night, all of Europe would have exploded," he told French TV. "If Greece had defaulted there would have been a domino effect carrying everyone away."

However, Greece, whose massive debt almost pushed all of the eurozone into destructive bankruptcy, was not happy to be publicly singled out by the French.

"Greece is in the middle of the storm, but it is not the source of the problems of European debt and deficits," Greece's foreign minister told the BBC.

"We see this with Portugal, Ireland, Spain, and Italy. So it doesn't help to a scapegoat particular country when you're dealing with a European problem."

(h/t Newser)

One last thing…
Watch TheBlaze live and on demand on any device, anywhere, anytime.
try premium
Exclusive video
All Videos
Watch BlazeTV on your favorite device, anytime, anywhere.
Try BlazeTV for Free
Recommended
Daily News Highlights

Get the news that matters most delivered directly to your inbox.