Giscard d’Estaing: “The Grexit could be a good move for Europe and for Greece”

“Joining eurozone has been a mistake made by the Greeks” declared Valéry Giscard d’Estaing, former French president. He also added that if the Greeks would be ready to devalue their currency, a Grexit could be a better solution. “It’s their own right and a possible return to euro should be taken into account at a later stage”. On the other hand, the German Institute for Economic Research (IFO) calculated the costs of a Grexit for the other European countries: for France it would be around 1000€ for each citizen. (Euractiv)