BREAKING NEWS

Sarkozy: Greece euro zone entry was 'error' at time

By REUTERS

OCTOBER 27, 2011 22:36

PARIS - It was a mistake to let Greece join the euro single currency when it did because its economy was not ready to form a monetary union with others in the club, French President Nicolas Sarkozy said on Thursday.

"It was a mistake," Sarkozy said, when asked during a TV interview about having Greece adopt the euro two years after the single currency was created.

"Its economy was not ready," Sarkozy said.

Sarkozy gave a rare televised interview to explain the euro zone crisis plan agreed in Brussels the previous evening to the French electorate, six months before a presidential election.

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