German Firms Want Exclusion Clause in Euro Treaty, Welt Says

An association of German family-run companies says it wants mechanisms included in the treaty governing Europe’s single currency that would allow countries to be excluded from membership, Die Welt reported.

Around a hundred firms belonging to the Stiftung Familienunternehmen signed a letter to lawmakers saying it should be made possible for a country to exit the euro or to be excluded for running excessive deficits, the newspaper said.