Bloomberg News

Merkel Says Greek Default Would Have Incalculable Consequences

October 04, 2011

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

To contact the editor responsible for this story: Alan Crawford at

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