July 5, 2015 / 8:21 AM / 2 years ago

Greece must introduce another currency if 'no' vote wins: Schulz

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Greek Prime Minister Alexis Tsipras (L) talks to European Parliament President Martin Schulz at a European Union leaders summit in Brussels, Belgium, June 25, 2015.Yves Herman

BERLIN (Reuters) - The head of the European Parliament, Martin Schulz, told German radio that Greece would have to introduce another currency if the “no” vote wins in Sunday's referendum on an aid-for-reforms deal.

"Is Greece still in the euro after this referendum? That is certainly the case, but if they say ‘no’ they will have to introduce another currency after the referendum because the euro is not available as a means of payment," Schulz told Germany's Deutschlandfunk radio in an interview broadcast on Sunday and taped on Thursday.

"The moment someone introduces a new currency, they exit the euro zone. Those are the elements that give me some hope that the people will not vote ‘no’ today.”

His comments are some of the clearest made by a top EU official.

Reporting by Madeline Chambers

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