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Germany’s Bild Newspaper Says Time for Greece to Leave the Euro

Greece is reaching the endgame next week, Germany’s best-selling Bild newspaper said.

Greeks are plundering their bank accounts, imports to the country are not longer guaranteed, rumors abound of drachma being printed and energy suppliers are no longer paid, Nikolaus Blome, Bild’s chief political columnist, said in an editorial in today’s edition.

“Greece is unraveling, it’s coming apart,” Blome said. “Irrespective of how the upcoming parliamentary elections turn out, ‘business as usual’ won’t work any more.”

Billions of euros in more aid from Europe can help Greece through the next day, week or month, but it can’t bring about the far more important new beginning that’s needed in the economy, politics and administration. The Greek state “must be rebuilt, like in a developing nation,” he said.

“Someone among the euro-zone leaders must finally tell the Greeks the truth: this fresh start can only be achieved with a radical first step,” he said. “And that means leaving the euro.”

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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