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Germany: "Greek crisis requires structural change in Germany" - Die Linke01:44

Germany: "Greek crisis requires structural change in Germany" - Die Linke

Germany, Berlin
July 20, 2015 at 02:45 GMT +00:00 · Published

The Chairman of Die Linke Bernd Riexinger said that "the crisis in Greece should be used to start a new European politic," as he spoke at a press conference in Berlin, Monday. Riexinger continued that Europe "needs a full new route and Germany should be the first one to start it." The Chairman for Die Linke added that one way to achieve it would be "urgently increasing the wages" in Germany since he maintained that Germans "live under [their] possibilities."

Riexinger said that the eurozone "will be not only fragile but also historically overdue if the differences between rising and weak economies [within the eurozone] become bigger." Therefore, Riexinger stated there is a need for a "balanced union," where the German trade surplus does not lead to the debtor-creditor relationship that has emerged between Greece and Germany. Raising the living standards of Germans could, Riexinger said, be key to saving the eurozone project.

Germany: "Greek crisis requires structural change in Germany" - Die Linke01:44
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The Chairman of Die Linke Bernd Riexinger said that "the crisis in Greece should be used to start a new European politic," as he spoke at a press conference in Berlin, Monday. Riexinger continued that Europe "needs a full new route and Germany should be the first one to start it." The Chairman for Die Linke added that one way to achieve it would be "urgently increasing the wages" in Germany since he maintained that Germans "live under [their] possibilities."

Riexinger said that the eurozone "will be not only fragile but also historically overdue if the differences between rising and weak economies [within the eurozone] become bigger." Therefore, Riexinger stated there is a need for a "balanced union," where the German trade surplus does not lead to the debtor-creditor relationship that has emerged between Greece and Germany. Raising the living standards of Germans could, Riexinger said, be key to saving the eurozone project.