German CDU lawmaker says Grexit unavoidable if Athens fails to present reforms

A senior member of parliament in Chancellor Angela Merkel's conservative Christian Democrats (CDU) said on Tuesday that a Greek exit from the eurozone would have to be accepted if the Athens government does not present a solid reform package.

Michael Grosse-Broemer, the CDU's deputy floor leader in parliament, told reporters: "In the event a solid reform package is not presented, then a Grexit' would have to be accepted if necessary."

[Reuters]