Merkel's Bavarian ally says Grexit would cause 'utter chaos'


  • World
  • Wednesday, 29 Jul 2015

A woman carries bags of groceries as she makes her way at the Plaka area in central Athens, Greece July 27, 2015. REUTERS/Ronen Zvulun

BERLIN (Reuters) - A Greek exit from the euro zone would cause "utter chaos" but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel's Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday.

"No one can predict the consequences of a Grexit other than that a lot of Greece's debts would have to be written off and at the same time monetary help would be necessary," Seehofer, state premier of Bavaria, said to the paper.

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