Bloomberg News

Greece Must Decide If Best in Euro, Merkel Ally Tells Rheinische

August 20, 2012

Greece’s economic changes are too slow and the government must consider next month whether the country should stay in the euro area, Michael Meister, a senior lawmaker in German Chancellor Angela Merkel’s governing party, was quoted as saying by the Rheinische Post.

Meister, the Christian Democratic Union’s deputy parliamentary leader, said the Greek government must ask itself in mid-September whether it has majority support in parliament and among the people for the required painful overhaul, according to the newspaper, which cited an interview. Meister said a Greek exit would be regrettable, Rheinische reported.

Reports so far indicate that the speed of reform in Greece isn’t sufficient, with privatization lagging in particular, Meister was quoted as saying.

Any proposal for a third international bailout for Greece wouldn’t get majority backing in Merkel’s governing coalition, he was quoted as saying in the comments e-mailed to other media in advance of publication.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus