ted malloch

Trump's E.U. Ambassador Pick: Greece Will Ask to Leave Euro Zone

Are Greeks "wasting their time" in the euro zone? Source: Federico Gambarini / DPA

Ted Malloch is a pronounced E.U. skeptic whose express interest in dismantling the 27-member European alliance has led E.U. politicians to voice their opposition to him becoming the United States’ E.U. ambassador.

Now, in an interview with the Greek television broadcaster Skai, Mr. Malloch predicted that Greece would leave the euro zone on a voluntary basis.

“Why is Greece again on the brink? It seems like a deja vu. Will it ever end? I think this time I would have to say that the odds are higher that Greece itself will break out of the euro,” Mr. Malloch said, adding that it would have probably been better for Greece if it had initiated the process of “Grexit” four years ago, when doing so would have been “easier and simpler.”

He explained that he had not discussed the topic with Mr. Trump, the State Department or anyone at the Treasury. Instead, he referred to a statement by Mr. Trump who in 2012 suggested in a tweet that Greece should go back to the drachma and that the country was “wasting time” in the euro zone.

Mr. Malloch criticized the austerity measures demanded by Greece’s creditors. “I have traveled to Greece, met lots of Greek people, I have academic friends in Greece and they say that these austerity plans are really deeply hurting the Greek people and that the situation is simply unsustainable.”

What Greece needed, according to Mr. Malloch, was debt relief, which he called “something that people in Germany and elsewhere haven’t been able to accept.”

Mr. Malloch has not yet officially been nominated as candidate to become the U.S. ambassador to the E.U., but he explained the nomination was in the works: “I have obviously interviewed and talked to the transition team, so we are waiting on the announcement.”

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