Greek Default Not in Europe’s Interest, Germany’s Seibert Says
February 10, 2012, 9:46 AM ESTBy Tony Czuczka
Feb. 10 (Bloomberg) -- A Greek sovereign default would be against Europe’s interests, German government spokesman Steffen Seibert.
“The German government is working for Greece to restore its debt sustainability, its competitiveness,” Seibert told reporters in Berlin today in response to a question. Default is “a process that many economists view as completely incalculable and fraught with serious risk,” meaning it “can’t be in Germany’s interest, nor in the Greek or European interest.”
To contact the editor responsible for this story: Tony Czuczka at aczuczka@bloomberg.net
