German Finance Minister Wolfgang Schäuble denied reports that he said Greece needs a parallel currency

Market news

22 May 2015

German Finance Minister Wolfgang Schäuble denied reports that he said Greece needs a parallel currency

German Finance Minister Wolfgang Schäuble denied reports today that he said Greece needs a parallel currency.

Earlier today, news reported that Schäuble raised the possibility that Athens may need a parallel currency alongside the euro in case its talks with creditors fail. He should have cited the example of Montenegro, which uses the euro but isn't a member of the Eurozone.

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