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    German minister first in govt call for Greece euro exit

    BERLIN (Reuters) - Chancellor Angela Merkel's conservative Interior Minister became the first member of her centre-right government to openly call for Greece to leave the euro zone in a magazine interview released on Saturday.

    Hans-Peter Friedrich, a leader of the conservative Christian Social Union (CSU) that is the sister part of Merkel's Christian Democrats (CDU), told Der Spiegel news magazine Greece's chances of restoring its fiscal health would be greater outside the euro.

    While that has been the view of the Bavarian-based CSU and its chairman Horst Seehofer for months, Friedrich's comments nevertheless represented the first time a member of Merkel's cabinet had spoke openly about a Greek exit. Merkel has repeatedly spoken out against Greece leaving the euro zone.

    Seehofer is the state premier of Bavaria and not in Merkel's cabinet.

    "Greece's chances to regenerate itself and become more competitive are certainly greater outside the currency union than they are if it stays in the euro zone," Friedrich told the news weekly in comments released ahead of publication.

    "I'm not saying that Greece should be thrown out but rather to create incentives that it can't say 'no' to," he added.

    (Reporting By Erik Kirschbaum)

    See all articles from Reuters
     

    23 comments

    • Girard  •  2 months ago
      The Greek economy is nothing more than a Ponzi scheme in reverse. These handouts--don't call them bailouts--were never about Greece, but buying time for German and French backs to rid themselves of the Greek exposure they so greedily took on.
      • Jerry 2 months ago
        that's what it was all about. do the debt swap so the banks don't get hit and then get greece out after they are squeezed dry. at least the pretense is over, Greece should have done this sooner on their own. lesson from Iceland.
    • The Parents  •  2 months ago
      Make them an offer they can't refuse!
      • Gary 2 months ago
        Too late for that. The problem is if the banks and investors have to take a major haircut on the #$%$ wipe paper the Greeks refer to as bonds, then the next challenge will be a bail out package for the banks, life insurance companies that will become insolvent once this exercise is in effect.
    • neal  •  2 months ago
      Greece should never been accepted into the euro. Their economy is seasonal, harvest or tourist related it can not compete with a year round manufacturing economy like Germany. To put their currency on par with Germany or other like based countries was a disaster waiting to happen.
    • Cogito  •  2 months ago
      The EU Greece Situation must come to a head. Greece is a National Example of What Happens when a Gigantic Public Union is basically the Major Part of the Economy of a Nation or State. Private Enterprise flees such entities because they are taxed into oblivion to support the bloated salaries and pensions of these"Public Workers". Eventually nepotism and cronyism set in and these "Public Unions" become self-perpetuating Aristocracies which control the Executive, Legislative, and Judicial branches of the states that they infest. Make no mistake about it, these people and their relatives Vote --- especially in off-year elections where they are almost a majority of the votes cast. When these "Public Unions" don't get their way through fair governmental or democratic processes, e.g., Wisconsin, they resort to riots, suppression of opposition to themselves, and even violence. We've seen this in Greece, and we've seen it in Wisconsin in the United States. Oregon is another prime example of this syndrome, in just two or three years, it will take the entire Oregon State Budget just to pay the bloated pensions of Oregon Public Workers ---- there will be nothing left for salaries, schools, infrastructure, Nothing, Nada. At that point Oregon will in fact be Bankrupt in the truest sense of the word. The people there are "totally tapped out", tax-wise, they have, in actual reality, 20% unemployment, and no industry in it's right mind will move there because of the Horrific TAXES and massive environmental obstructionism. The "environmentalists" there have shut down most of the timber industry for years and stop any other industry/employer that tries to go there (e.g., a 600 million LNG Installation at Astoria which would have supplied competitive, cheap Natural Gas to Portland and half of Oregon and 2000 high-paying jobs, most Wal*Marts or Sams - they won't unionize, so they're out, and any U.S. Defense Industry --- cause they make weapons that kill people); Every species there has been protected completely --- except the human species, many of whom are starving in the streets of Portland or "living" off of Food Stamps, unemployment, welfare, selling drugs, prostitution, burglary, robbery, fraud, etc. There is no Free Meal, someone has to pay for it --- Greece is fixing to find this out.
    • Bauernjunge  •  Vacha, Germany  •  2 months ago
      Germany should leave the eurozone. It is a farce. No good will come of it! The whole "EU", is a bad joke.
    • Unbiased American  •  2 months ago
      If I am correct, the Greek debt is currently at about 1.8 times their GDP, while ours is at about 1.3 ... are we next?
      • Lordh 2 months ago
        There's a major difference between us and Greece. We're actually better right now than Europe.
    • MLP  •  Monterey, California  •  2 months ago
      I'd think that the entire middle class of the EU would want out.
      The prices of everything doubled there as soon as they went to the Euro and when I asked the average workers in Hotels, Restaurants etc they say they only saw about a %10-20 increase in salary.
    • Malika  •  Tampa, Florida  •  2 months ago
      Greece should not have been in the EU in the first place, as they lied to get in.
      • Girard 2 months ago
        Funny how that little tidbit fell by the wayside.
    • M.O. Schrenk  •  Clovis, California  •  2 months ago
      Rather than dignify Greece's leaving the euro by calling it an "exit," it would be more appropriate to call it a "bum's rush," or simply say that Greece, after showing predictable piggishness from high and low in its gimme society, was "86'd out of Europe."
    • Old Horse  •  2 months ago
      Good for Hans! Europe needs to get rid of the dead weight. Only problem is, the dead weight comprises about 75 percent of the EU.
    • Lordh  •  Elmhurst, Illinois  •  2 months ago
      The Greeks are a joke. They want everyone to bail them out, yet do nothing to stop the country in heading to ruins. KICK THEM OUT!
    • A Yahoo! User  •  2 months ago
      I HAVE TO AGREE WITH HIM...
    • Captains Log  •  2 months ago
      California - Americas GREECE!
      • Gary 2 months ago
        US not far behind.
    • Carl  •  2 months ago
      Greece, dead country walking!
    • MikeY  •  Kuala Lumpur, Malaysia  •  2 months ago
      That's what I have adcocated. Greece can remain in the EU but must stop using Euro.
    • A Yahoo! User  •  Mankato, Minnesota  •  2 months ago
      greed and get rich quick schemes brought greece into the euro zone
    • blitz  •  Wiesbaden, Germany  •  2 months ago
      Greece..our #$%$ neighbors
    • Chris  •  2 months ago
      I'm not a fan of the CSU. But in this instance Hans-Peter Friedrich is totally correct. It's absolutely ridiculous that a country as insignificant as Greece messes up the whole Eurozone.
    • Art Faye  •  Los Angeles, California  •  2 months ago
      Friedrich for Chancellor!
    • Don L  •  2 months ago
      considering the ''Non-Solution Solution'' they signed a few days back (They are still allowed to run at a 160% Debt Growing pace and not till 2020 when it drops to 120%) This is the best decision to make before a European depression spreads like a wildfire around the world.
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