Bosch CEO tells magazine Greece has no place in EU

By REUTERS
February 15, 2012 15:19

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

FRANKFURT - The chief executive of one of Germany's most respected manufacturers and an adviser to Chancellor Angela Merkel has called for Greece to be kicked out of the European Union because it is an "unbearable" burden.

"This state with its phantom pensioners and rich people that don't pay taxes, a state without a functioning administration, has no place in the European Union," Bosch CEO Franz Fehrenbach told Manager Magazin, according to a transcript of an interview to be published on Friday.

He is the latest in a number of senior German business figures to lash out at Greece over its role in the EU and a second euro zone bailout. A survey of over 300 managers in the magazine shows roughly 57 percent want Greece to drop out of the euro and reintroduce the drachma.

Related Content

Breaking news
August 15, 2018
IDF: Kerem Shalom crossing into Gaza to be opened fully on Wednesday

By MAARIV ONLINE