Merkel’s CSU-Partner doesn’t rule out Greece exit the euro zone tagged: , , , , ,

Merkel’s CSU-Partner doesn’t rule out Greece exit the euro zone

Posted by keeptalkinggreece in Economy

Oh, these Germans! Precisely those reactionary, conservative Germans! They can’t agree on a common policy towards Greece and they make Greeks so very unhappy and uncertain over their euro-future. Even though German Chancellor Angela Merkel  stressed on Monday that not any country would be leaving the euro zone as such move would trigger a disastrous domino effect, here comes her  coalition-partner and does not rule out Greece euro-exit. 

In a friendly chat, you know … populists among themselves, Horst Seehofer CSU chairman and Bavaria state premier talked to BILD newspaper and said among others, that he could not rule out Greece leaving the euro family. 

The leader of Germany’s Christian Social Union, one of three parties in Chancellor Angela Merkel’s centre-right ruling coalition, was quoted on Wednesday as saying he could not rule out Greece leaving the euro zone.

Horst Seehofer, CSU chairman and Bavaria state premier, told Bild newspaper that he was nevertheless confident Greece could succeed with its fiscal reform efforts.

Asked by Bild if he could exclude Greece exiting the euro zone, Seehofer said: “I do not think that can be ruled out but I’m counting on the success of the path that has been taken with aid and consolidation efforts.”

Seehofer also told Germany’s top-selling daily: “However, there can be no assistance if the indebted countries do not make their own contribution.”

The comments from Seehofer stood in contrast to those from Merkel, the leader of the Christian Democrats (CDU). Merkel said on Monday she did not think any country would be leaving the euro zone and any such move could drag down other countries.

“From a technical and legal point of view there is no possibility at all,” Merkel said on Monday when asked about the chance of Greece leaving the euro zone — as some academics and economists in Germany have called for.

Read the Full Story in Reuters