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

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.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy