Kazakhstan, Astana, Dec.1 / Trend, K. Konyrova /
The main problem of the European Union lies in difference of countries' potentials, JSC Savings Bank of Russia Board Chairman and CEO German Gref believes.
"The main problem of the EU lies in the different potential. All internal resources are exhausted," Gref said today addressing Astana Economic Forum on "Socio-economic development of Kazakhstan: 20 Years of Independence and the new challenges".
He said Greece needs devalue its currency by 25 percent, Portugal - by 23 percent and Spain - 18 percent.
"But in the single currency market it is impossible. And therefore all the options to overcome the crisis in the European Union are not optimistic," Gref said.