BERLIN, July 29 A Greek exit from the euro zone
would cause “utter chaos” but it would have to be accepted if
Athens was not willing not implement reforms, Chancellor Angela
Merkel’s Bavarian ally Horst Seehofer told German newspaper Die
Welt.

“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 in the interview published on
Wednesday.

“On top of that there would be utter chaos. If Greece were
not prepared to reform, a path like that would have to be
accepted but one shouldn’t strive for it oneself or organise
it.”

(Reporting by Michelle Martin; Editing by Louise Ireland)