Greece must stay in the club

Philipp Rösler, Germany's Economics Minister since May, has done neither himself nor Germany a favour with his talk of a possible Greek insolvency, writes the left-liberal daily Süddeutsche Zeitung: "In his touching quest to make a name for himself, Economics Minister Philipp Rösler has even evoked an 'orderly' insolvency for Greece. Precisely what that means, however, is not really clear to the fledgling economist. ... But at least the name Rösler makes it into the front sections of the newspapers. ... Toss Greece out of the Eurozone: that's the simple solution being proposed for the knottiest problem in the Monetary Union. The answer can only be: excluding Greece would be a disaster not only for the Greeks, but for Germany and the rest of Europe."

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