Bloomberg News

Goldman’s Hatzius Warns Against Greek Euro Exit, Welt Reports

May 30, 2012

Goldman Sachs Group Inc. (GS:US) chief economist Jan Hatzius warned against Greece exiting the euro as depositors in other countries might pull funds from banks on concern their nation could leave the common currency, Die Welt reported.

Austerity measures in some European countries have stifled economic growth and Germany needs to accept a period of inflation to support other states, the Berlin-based newspaper cited Hatzius as saying in an interview.

To contact the editor responsible for this story: Nicholas Comfort at ncomfort1@bloomberg.net


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