ECONOMY

German lawmaker says Grexit would be ‘great opportunity’

A leading lawmaker from Chancellor Angela Merkel’s conservative bloc has described a Greek exit from the eurozone as a “great opportunity” for the country to bolster its economy, in the latest sign that German sentiment toward a so-called “Grexit” is shifting.

Peter Ramsauer (photo), a former transport minister under Merkel and chairman of the economic affairs committee in the German parliament, wrote in top-selling German daily Bild on Monday that more muddling through with Greece made little sense.

Although no longer a member of the government, Ramsauer is arguably the most prominent politician in Merkel’s camp to come out in favor of Greece leaving the eurozone.

“By leaving the eurozone, as Finance Minister [Wolfgang] Schaeuble has suggested, the country could make itself competitive again from a currency perspective with a new drachma,” Ramsauer, a member of the Bavarian Christian Social Union (CSU), wrote in Bild.

[Reuters]