“Greece’s getting out of the EU would be better for everyone”

Johns Hopkins University economics professor and Cato Institute Director Steve Hanke emphasized moral weakness created with the financial support to Greece which is at the brink of bankruptcy once again and said “Greece’s getting out of the EU will be better for both Greeks and Europeans.”

The fact that the world’s most bankrupt country Greece and its creditors haven’t reached an agreement after 4 months of negotiation, strengthens the possibility of leaving the EU and threatens lapsing into default for the 6^th time. While one of the biggest creditors of Greece, Germany’s Prime Minister Angela Merkel said her country is open for this possibility at the beginning of this week, the International Monetary Fund (IMF) managing director Christine Lagarde also indicated probability of Greece getting out of the EU is becoming increasingly realistic.