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Greenspan critical of Greece in EU
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Former Federal Reserve chairman says country should never have entered bloc
In an interview with Skai, Alan Greenspan, former chairman of the Federal Reserve, expressed deep concerns about the debt crisis in the euro zone and said that Greece should never have been allowed to enter the bloc.
“Greece should never have been accepted as a member of the euro zone,” Greenspan told Skai on the sidelines of a conference by The Economist in New York, echoing comments made to delegates.
He added that the debt restructuring being faced by many European countries was the “only discernible solution» for them to emerge from the crisis.
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