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 — Call him a ghost from the central-bank past, but Alan Greenspan can still swing his words around and make them stick a little.

The former Federal Reserve Chairman went on BBC Radio on Sunday morning to express his views about the crisis surrounding Greece and new Prime Minister Alexis Tsipras’s efforts to get its bailout re-negotiated.

In short: it’s futile. “I don’t think it will be resolved without Greece leaving the eurozone,” he told the BBC’s World This Weekend.

“I don’t see that it helps them to be in the eurozone, and I don’t see that it helps the rest of the eurozone ... it is just a matter of time before everyone recognizes that parting is the best strategy,” he added.

See: U.K. steps up contingency plans for a Greek exit

In fact, Greenspan was gloomy about the prospects for the euro overall, not just about the current situation with Greece and fears of a “Grexit”.

“The problem is that there is no way that I can conceive of the euro continuing, unless and until all of the members of the eurozone become politically integrated — actually, even just fiscally integrated won’t do it,” he said.

Plus, Greenspan said he can’t really see anyone willing to cough up further loans to keep Greece’s economy afloat.

A defiant Tsipras told lawmakers Sunday that he would be unwinding several austerity measures that were conditions of its international bailout. He said he’d be raising minimum wage, dropping a property tax, and a few other goodies Europe’s leaders are sure to be flipping out over right now.

Also read: Europe’s revolt isn’t just in Greece or Spain

The country’s €240 billion (roughly $272 billion) rescue runs out at the end of the month, and Greece’s government has warned that the money could run out in a few weeks. Analysts at Bank of America Merrill Lynch said in a note Monday that the country probably can get through International Monetary Fund payments in March, but not likely past May.

Payment demanded on Nazi loans: Tsipras also said Greece country had a “historical obligation” to claim billions of euros from Germany in reparations for physical and financial destruction during the Nazi occupation of Greece, according to media reports.

The Third Reich forced Greece to give it an interest-free “war loan”, which was never repaid, and also severely devalued the drachma. A special committee set up in Greece to investigate the war loan said in January that Germany now owes it at least €11 billion.

Speaking in parliament on Monday, leading German politician Michael Fuchs said there is “no way out” for Greece. “If Greece at the end of the day says the only way to get rid of the pressure is exit the eurozone, it’s up to them. We are prepared for this moment and wish them to stay,” the deputy chairman of the Christian Democratic Union said, according to ForexLive.

《Market Watch》報導,卸任聯準會主席葛林斯潘看壞希臘局勢,認為希臘退出歐元區只是時間早晚的問題。

葛林斯潘在接受英國 BBC 採訪時表示,歐洲各國早晚會承認「希臘離開歐元區」才是最佳策略。他認為希臘退出歐元區債務問題才有可能解決,他看不出希臘留在歐元區對該國或其他歐元區國家有什麼好處。

葛林斯潘也對歐元未來展望感到悲觀。當下對歐元影響最大的,莫過於希臘問題。希臘金援計畫本月底即將結束,但還有款項尚未到位。格林斯潘指出,歐洲已經沒有國家願意再借錢給希臘,因為新任希臘總理齊普拉斯打算放棄撙節計畫、調高最低薪資、降低財產稅…等。齊普拉斯這些政策在歐洲各國眼裡,都是希臘經濟即將失控的前兆。

德國國會議員呼應葛林斯潘的看法,強調德國已經為希臘退出歐元區做好準備;美國銀行美林證券分析師則悲觀認為,就算希臘順利取得國際貨幣基金組織IMF的金援款項,最多撐到五月份就會耗盡現金。

 

 

 
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