Wolfgang Schaeuble: Greeks would have suffered only once because of Grexit

German Finance Minister Wolfgang Schaeuble brought up indirectly the Grexit issue speaking at an event in Hamburg.

Mr. Schaeuble expressed the view that Greeks would have suffered only once because of a Grexit avoiding this “endless painful process” and the “tough measures” that Greek people are now experiencing.

Moreover, the German Finance Minister said that it will be difficult for Greece to recover without devaluation, but he did not elaborate further on that.