Bavarian Free Voters up pressure on Merkel for Greek exit
Bavaria’s Free Voters party, which wants Greek debt to be cut to zero and the drachma reintroduced, is ratcheting up pressure on Chancellor Angela Merkel’s coalition partner to take a more euro-skeptic view.
The Free Voters oppose Europe’s bailout funds and became the first German parliamentary party to lodge a legal complaint against them in the nation’s highest court.
The Federal Constitutional Court will announce its ruling next Wednesday.
“We need a massive debt cut” in Greece “to zero,” Hubert Aiwanger, the Free Voters’ leader, said on Wednesday at a news conference in Berlin. “To give this country a fresh start, the drachma will at the least have to run parallel to the euro.” [Bloomberg]
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A growing number of European Union leaders and officials are now suggesting that next year will most probably see a significant write-down on Greek debt.
The country’s partners are clearly a...
