Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Greece Must Decide If Best in Euro, Merkel Ally Tells Rheinische

Don't Miss Out —
Follow us on:

Aug. 21 (Bloomberg) -- Greece’s economic changes are too slow and the government must consider next month whether the country should stay in the euro area, Michael Meister, a senior lawmaker in German Chancellor Angela Merkel’s governing party, was quoted as saying by the Rheinische Post.

Meister, the Christian Democratic Union’s deputy parliamentary leader, said the Greek government must ask itself in mid-September whether it has majority support in parliament and among the people for the required painful overhaul, according to the newspaper, which cited an interview. Meister said a Greek exit would be regrettable, Rheinische reported.

Reports so far indicate that the speed of reform in Greece isn’t sufficient, with privatization lagging in particular, Meister was quoted as saying.

Any proposal for a third international bailout for Greece wouldn’t get majority backing in Merkel’s governing coalition, he was quoted as saying in the comments e-mailed to other media in advance of publication.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.