A Smaller Euro Area?

From BBC News today, 7 June:

"The chairman of the influential Treasury Select Committee has called for the International Monetary Fund to play a greater role in resolving the eurozone's structural weaknesses and to lead contingency planning for Greece's possible exit from the single currency.

Tory MP Andrew Tyrie said the IMF should evaluate the costs and benefits of a smaller euro area since Germany was 'unlikely to maintain the citizens of Greece in the style to which they are accustomed'."

(My italics).

Kathimerini (Greek) on a German view