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The world economy can cope with Greek exit - Reinfeldt
Wednesday, 23 May 2012
A Greek withdrawal from the euro area does not necessarily mean a
further downturn in the global economy, and therefore need not affect
the Swedish economy in any significant way. It is the view of Swedish
Prime Minister Fredrik Reinfeldt told reporters on Wednesday.
"Sweden has a relatively small exposure to Greece. However, it would
suffer a worldwide impact what happens in Greece, and its effects on
the financial markets in a way that gets responses even in Sweden, "he
told reporters after a meeting with the Parliamentary Union -committee
before Wednesday night's EU summit. "We should be clear that
mismanagement and serious problems in other countries also have
significant effects on Sweden, "he adds.
The Prime Minister does not want to speculate on whether Greece will
really leave the euro, but says that although the crisis-hit country
chooses to do so, it need not necessarily mean a further deterioration
in world economy. There is evidence that it might instead points to an
"We have a world economy that has accelerated, "continues Reinfeldt and
refers to a better growth in the U.S. but also positive signs from
Asia, Latin America and Africa.
"It is southern Europe that are weighing down the world economy, the rest looks significantly promising.”
By Scancomark.se Team
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