BREAKING NEWS

German MP: Greek exit 'unavoidable' if reform stops

By REUTERS

MAY 23, 2012 10:46

BERLIN - Greece's exit from the euro will be "unavoidable" if anti-austerity radicals win a June 17 election and halt painful economic reforms, a leading German conservative was quoted on Wednesday as saying.

Alexander Dobrindt, deputy leader of the Christian Social Union (CSU), one of three parties in Chancellor Angela Merkel's center-right coalition, has said in the past Greece may be better off outside the euro, but his latest comments underscore Berlin's growing exasperation with Greek politicians.

"On election day the hour strikes for the Greek euro. If the communists or other radicals win the election, Greece's exit from the euro zone will be unavoidable," Dobrindt told the top-selling Bild daily.

"Europe cannot and should not acquiesce if the Greek radical leftists make good on their declaration that they will unilaterally halt the repayment of aid loans and break off reforms," he said.

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