German Exit From Euro an Option, Linde’s Reitzle Tells Spiegel

Germany should leave the euro currency zone if the so-called crisis countries fail to carry out reforms to reduce their debt burden, Der Spiegel said, citing an interview with Linde AG Chief Executive Officer Wolfgang Reitzle.

While an exit would lead to higher unemployment in the short-term, it would increase competitiveness in the longer term, putting Germany on a par with Asian competitors within five years, Reitzle told Spiegel, adding the move was not his preferred option.