Greece may still have to quit euro: Merkel ally

Reuters
March 10, 2013

Greece remains the biggest risk for the euro zone despite a calming of its economic and political crisis and may still have to leave the common currency, a senior conservative ally of German Chancellor Angela Merkel said.

Alexander Dobrindt, general secretary of the Christian Social Union (CSU), the Bavaria-based sister party of Merkel’s Christian Democrats (CDU), has long argued that Greece would be better off outside the euro zone.

But German conservatives’ criticism of Greece has eased since the conservative-led government of Prime Minister Antonis Samaras accelerated harsh austerity measures demanded by Germany and the EU as part of its bailout program.

“The greatest risk for the euro is still Greece… I still believe that Greece’s exit would be a possible long-term alternative, for Europe and for Greece itself,” Dobrindt told Die Welt am Sonntag newspaper.

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This article was posted: Sunday, March 10, 2013 at 5:37 pm

Tags: financial, foreign affairs, police state

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