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Merkel Says Greek Default Would Have Incalculable Consequences
October 04, 2011
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Oct. 4 (Bloomberg) -- German Chancellor Angela Merkel rejected the option of a Greek default, saying that it would have incalculable consequences.
Merkel said that she can’t listen to economists who urge a GReek default now. Speaking today to members of her Christian Democratic Union in Magdeburg, eastern Germany, Merkel said that she won’t risk embarking on an “adventure” to solve the debt crisis.
To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net
To contact the editor responsible for this story: Alan Crawford at acrawford6@bloomberg.net
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