Bloomberg News

Merkel Says ‘Must Protect’ Euro States From Greece Predicament

October 22, 2011

Oct. 22 (Bloomberg) -- German Chancellor Angela Merkel said euro-region leaders must protect states including Spain and Italy from suffering a similar predicament to Greece, which faces a restructuring of its bonds.

Speaking to the youth wing of her party of Christian Democrats in the city of Braunschweig, Merkel said investors face a deeper cut in the value of their Greek bond holdings and the step poses risks of contagion. “We must prevent contagion,’ she said.

To contact the editor responsible for this story: Brian Parkin at bparkin@bloomberg.net


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