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Die Welt - Germany | Monday, June 29, 2015

Grexit will restore Athens' sovereignty

After the announcement of a referendum in Greece, the conservative daily Die Welt sees a Grexit as likely and helpful: "For the first time since the start of the debt crisis there is a real and - judging by the financial markets - manageable possibility of a Grexit. This step could prove liberating for both sides for many reasons. … With their own currency [the Greeks] have better long-term economic prospects and will regain at least some of the sovereignty they so sorely miss. In other euro states there may be opposition to the consolidation policy, but the view prevails that only a competitive Europe has a future. It is not Merkel's euro course that has failed, but the repeated attempts to make the indispensable prerequisites for membership of the monetary union attractive to Greece."

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