Greece Can Stay in Euro Even With ‘No’ Vote, Schaeuble Tells Lawmakers

by Brian ParkinBirgit JennenRainer Buergin

June 30, 2015 — 3:12 PM EEST

German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters reject austerity in a referendum scheduled this week, according to three people present.

Schaeuble also said the European Central Bank would do what’s needed to protect the euro if Greeks voted against the bailout terms in the July 5 referendum, according to the people, all of whom participated in the closed-door meeting on Tuesday. They asked not to be identified, citing the private nature of the discussion.

The German Finance Ministry declined to comment.