Merkel’s Party Votes to Allow ‘Voluntary’ Euro-Member Exits
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German Chancellor Angela Merkel’s Christian Democratic Union party voted to allow euro states to quit the currency area, endorsing the prospect of a move not permitted under euro rules.
The resolution, which requires the assent of Merkel’s two coalition partners before becoming policy, is part of Merkel’s push for closer political ties and tighter budget rules in the European Union, with euro countries setting the pace. The drive is her answer to the debt crisis that began in Greece in 2009 and last week toppled governments in Athens and Rome.