Phi Wire Hand Picked Politics - Live

  • Westminster must be recalled this week for a statement on the 'more powers' time...

    • source icon
    • 13:27
  • Trevor Timm | Is Obama really going back to war with a worse legal rationale than Bush? He sti...

    • source icon
    • 13:00
  • LabourList | Gordon Brown rules out return to frontline politics

    • source icon
    • 12:33
  • LabourList | Miliband outlines housebuilding plans – including “New Homes Corporations” and p...

    • source icon
    • 12:18
  • James Forsyth | Have the Scottish Tories been detoxified?

    • source icon
    • 12:15
  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

Story Tracker

Select Story:

Greek Minister brands devaluation a 'gimmick'

Greek Minister brands devaluation a 'gimmick'
The Greek minister for International Economic Relations has denied leaving the eurozone is the best option for Greece after the latest talks to form a Coalition Government failed.

Speaking to Pienaar's Politics Constantine Papadopoulos said it would be "much, much worse" if Greece leaves the Eurozone and insisted any perceived benefits of a devaluation would be a "gimmick".

"Devaluation is not the answer to our problems, our problems have to be solved - directly addressed - at the source of what is behind our lack of competitiveness. Devaluation, given the circumstances here, is a gimmick."

Business Secretary Vince Cable has said the UK “must hope” the eurozone’s firewalls against default are strong enough to prevent contagion should Greece leave the monetary union.

"The problem would affect us if it spread, if you had these contagion effects in Italy and Spain... half of our exports go to the eurozone countries, our banks are quite substantially exposed to those countries.”

Greece's President will meet leaders of the countries smaller parties to thrash out a coalition deal after talks with the three main parties failed.

Alexis Tsipras of the far-left Syriza refused to form a coalition with the conservative New Democracy, or the socialist Pasok leaving talks in deadlock after the country's inconclusive general election last week.

Karolos Papoulias hoped the three would reach a deal but it appears there will now have to be a fresh election, which pollsters believe could mean an anti-austerity party taking charge, and possibly resulting in a Greek withdrawal from the eurozone.

Green Box: Greek Minister brands devaluation a 'gimmick'Click to open

+ Expand all - Collapse all

Recommended External Links

Full access for £22 a month...

PoliticsHome PRO Find out more

Related PRO Content

On air

Margot James: Not enough focus on women in politics

13/05/2012 on Sky News, Murnaghan

On air

Vince Cable: We must hope eurozone firewalls hold

13/05/2012 on World This Weekend, BBC Radio 4

On air

Constantine Papadopoulos: Leaving Eurozone would be much, much worse

13/05/2012 on Pienaar's Politics, BBC Radio 5 Live

On air

Amber Rudd: European rejection of austerity is very worrying

13/05/2012 on Westminster Hour, BBC Radio 4

Latest PRO Content

On Air

Summaries and transcripts from TV and radio

Henry McLeish: Salmond a towering figure

5 hours ago on Good Morning Scotland, BBC Radio Scotland

Hillary Benn: You can't have two classes of MP

6 hours ago on Today, BBC Radio 4

Sir Menzies Campbell: Salmond's contribution has been enormous

19/09/2014 on Sky News

See all On Air

Commons Reports

MPs pay tribute to Ian Paisley

12/09/2014