German Finance Minister Schäuble Says Worst Over in Euro Crisis

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At www.spiegel.de

German Finance Minister Wolfgang Schäuble said on Friday that he believes 'we have the worst behind us' in the euro crisis. But not everyone agrees. A leading government advisor warns that risks are looming in Italy and even Merkel isn't ready to sound the all-clear just yet. In late October, Schäuble had sounded considerably more downbeat, saying, 'I'm not so sure that the worst of the crisis is behind us.' But since then, Europe has agreed on another aid package for Greece,averting the threat of a Greek default for at least a couple of years.

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At www.spiegel.de


 

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