Cash-strapped Greece 'contemplating ditching Euro for Dollar as crippling financial crisis continues'-Paul Hooper

Ted Malloch - Donald Trump's pick for EU ambassador - said Greek economists have considered the idea

Ted Malloch said the idea of the Greeks switching to the dollar "freaks out" Germany (Photo: Splash News)

Cash-strapped Greece was last night believed to be contemplating ditching the Euro and switching to the US dollar - in a move which would humiliate Brussels.
Ted Malloch - Donald Trump’s pick for EU ambassador - has revealed how senior Greek economists are looking into taking on the American banknotes if the country turns its back on the European currency.
Due to Greece’s crippling financial crisis, officials are said to be desperately hunting an alternative to the Eurozone.
Prof Malloch revealed the controversial move would ‘freak out’ Angela Merkel.
His comments come just four days after one of the EU’s most powerful finance chiefs warned Greece will be forced out of the Eurozone if it fails to address its ailing finances.

Greece will be forced out of the Eurozone if it fails to address its financial crisis (Photo: PA)

He was quizzed on Greek TV, about his claim that a “Grexit” by Greece would be the best option for residents, because the current situation was ‘simply unsustainable’.
He said: "I know some Greek economists who have even gone to leading think tanks in the US to discuss this topic and the question of dollarisation.

US President Donald Trump has criticised the Eurozone (Photo: Getty)

"Such a topic of course freaks out the Germans because they really don’t want to hear such ideas," he added.
Greece’s economy fell in the fourth quarter of 2016 as the debt-laden country faces stalemate in negotiations with its creditors.
Athens faces debt repayments of 7.0 billion euros this summer that it cannot afford without defusing the feud that is holding up new loans from Greece’s 86 billion euro bailout.

Culled from Mirror