Merkel warns of chaos without talks on new Greece aid plan


Chancellor Angela Merkel warned of chaos on Friday if German lawmakers do not give her government backing to start negotiations on a third bailout program for Greece.

"Do the advantages of Monday's result outweigh the disadvantages. My answer is a completely convinced 'yes'," Merkel told the Bundestag lower house of parliament, with reference to a deal for further aid.

"The alternative to this agreement would not be a 'time-out' from the euro … but rather predictable chaos," she added.

The Bundestag is expected give the government the backing it is seeking in a vote following Friday's debate, at which Merkel was the first speaker. [Reuters]