“Greece should leave euro” - Dobraindt

Leading ally of German Chancellor argues currency will be stronger without Greece

Alexander Dobraindt, leader of Germany’s Christian Social Union (CSU) and a close ally of Chancellor Angela Merkel, has argued that the euro would be stronger without Greece.

Arguing that the “greatest risk for the euro is still Greece” Mr Dobraindt said that whilst the Eurozone had “created a situation that gives Greece a chance to return to stability and restore competitiveness. But I still hold that, if Greece is not able or willing to restore stability, then there must be a way outside the euro zone.

I still believe that Greece’s exit would be a possible long-term alternative, for Europe and for Greece itself.

Mr Dobraindt’s Bavarian based Christian Social Union is the sister party of Ms Merkel’s Christian Democrats (CDU), with there being a history of close cooperation between the CSU and the CDU.

The German Chancellor is also facing calls from her current coalition’s junior partner, the Free Democrats, to prevent France breaking the European Union’s debt rules. Rainer Bruederle, the Free Democrats’ parliamentary group chief, arguing that the “announcement of the Socialist president of France that he would take on more debt than allowed must not lead to a breach of the fiscal pact”

“At the very least, we should not encourage France on this,” Mr Bruederle added. “We must take heed because the fiscal pact breakers are out and about once more.”

Urging the European Central Bank to refrain from a fresh round of sovereign bon buying following February’s Italian election, which left no party in overall control, Mr Bruederle commented that I am certain the ECB knows it cannot be the repair service for wrong election results”.

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