Austrian Finance Minister Believes Grexit Is Manageable

The European Finance Minister stated to online news portal Die Presse, "For Europe, this would be easy to manage economically. For Greece, it would indeed be considerably more dramatic."

Schelling believes that the nation requires humanitarian assistance if a "Grexit" does occur, but feels that the nation's predicted outcome has been embellished.

The Austrian Finance Minister commented, "There's a propaganda war going on here. It's exaggerated to think that all the Greeks will have to live in the streets or won't have access to medical care."

The Austrian FM claimed that Greece must work out a new assistance mandate with new protocols, regardless of what tomorrow's referendum brings.

Schelling declared, "A new aid program needs to be started. The old one is dead and can't be extended. And a new aid program takes time. In addition, there can be no new lending without conditions."

(Source: Reuters)