Germany’s Friedrich Urges Greek Exit From Euro

German Interior Minister Hans-Peter Friedrich said Greece would have better chances of overhauling its economy and restoring growth if it left the euro area, Der Spiegel said, citing an interview.
Friedrich, a member of the Bavaria-based Christian Social Union that’s allied with German Chancellor Angela Merkel’s larger Christian Democratic Union, is her first Cabinet member to suggest Greece’s exit from the euro, the magazine said today in an article e-mailed to other media before publication.
(source: Bloomberg)