Germany’s Schaeffler Prefers Greek Euro Exit, Focus Reports

German Free Democratic Party lawmaker Frank Schaeffler said Germany should support any Greek wish to leave the euro region, Focus magazine reported today, citing an interview with the politician.

Debt restructuring for Greece is “inevitable,” Schaeffler told Focus. Some 19 lawmakers of Chancellor Angela Merkel’s coalition are decided to vote against the planned European Stability Mechanism, or ESM, the magazine also said in the e- mailed preview of a report to be published May 9. At least another 36 members of parliament are also considering refusing approval for the ESM, Focus said.

To contact the reporters on this story: Holger Elfes in Dusseldorf at helfes@bloomberg.net

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net.

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