Candidate for U.S. Ambassador to EU in Favor of Grexit (video)

Monday, February 6th, 2017
Last Update: 12:36

Ted Malloch, who is likely to become the U.S. ambassador to the European Union, spoke to Bloomberg where he expressed the belief that it would be better for Greece to leave the common currency bloc.

The professor of strategic leadership and governance at Henley Business School spoke about the EU, his thoughts on free trade and his outlook for the euro zone.

The Bloomberg interview came a day before the meeting of the IMF Board of Directors to discuss the sustainability of the Greek debt. Malloch expressed the view that there is a strong reason for a Grexit.

“I do not want to speak on behalf of the Greeks, however, most likely, from the perspective of an economist, there is very strong reason for Greece to leave the euro,” the American economist said.

Malloch also claimed that there are legitimate questions about “whether there should be a” support program for Greece and who should be responsible for its financing.

However, he made it clear that they do not know anything about the attitude to be taken by the Government against Trump’s involvement or not of the IMF in Greece.

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