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Cyprus News Agency: News in English, 11-11-24
CONTENTS
[01] Interview of Greek Interior Minister to CNA
[01] Interview of Greek Interior Minister to CNA
The European edifice stands at a great turning point, the EU has been
undermined in the eyes of society and what is needed are objectives and
policies, new Interior Minister of Greece Anastasios Giannitsis has
stressed in an interview with CNA.
If the Eurozone fails, the impact would be explosive for Europe and a
return to nation states, without European integration, would mean a
huge weakness of Europe in the global economic and political system,
Giannitsis pointed out.
The way that euro area has been built had too many flaws and
deficiencies, he said, noting that for 10 years the project proceeded
smoothly under normal conditions, there was no political will to go on
to a more tight economic governance. The crisis revealed not only the
weaknesses but created a wider crisis in the eurozone, he said.
According to the Greek Minister, either measures will be taken to
restore confidence in the currency, policies to consolidate the member
countries that have this problem and create institutions and mechanisms
to ensure the protection of national currency, or we will go on in a
situation as it is today with an uncertain outcome.
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