Frank Witter, chief executive of Volkswagen
Financial Services (VWFS) has said the company is considering the
potential of Greece leaving the euro.
Witter told Automobilwoche
magazine VWFS did not expect a Greek exit to mean the end of
the euro but said the company had been planning for increased risk
and market volatility, should the country leave the currency.
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“We clearly expect that the euro will
continue,” said Witter. “Whether or not all current member states
will stick with it is an open question.
“If Greece were to quit, this would not
necessarily be the end of the euro… What, unfortunately, no-one can
reliably gauge are the effects and the speculation on consequences
that would follow from such a step.”
richard.brown@vrlfinancialnews.com
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