Disorderly default of Greece disastrous Germany says

by fm

10th June 2011

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1 min read

German Finance Minister Wolfgang Schaeuble appealed in parliament on Friday for support for a new rescue package for Greece involving private creditors, saying a disorderly default could have a disastrous impact on markets.

Schaeuble also said in speech to lawmakers that the situation in Greece and in Europe was serious and demanded that Greece make far-reaching reforms in exchange for more aid.