Merkel bids to quash Greece default talk

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Series Details 14.9.11
Publication Date 14/09/2011
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Angela Merkel, Germany’s Chancellor, sought to quash speculation that a Greek default was imminent on the 13 August 2011, insisting that no such event could happen before 2013 even as markets continued to gyrate wildly over eurozone fears.

The German Chancellor’s remarks came as US President Barack Obama warned eurozone leaders in an interview with Spanish journalists that they needed to show markets they were taking responsibility for the debt crisis.

In response to the eurozone crisis, US Treasury Secretary Timothy Geithner was to take the unprecedented step of attending a meeting of EU Finance Ministers in Poland on the 16 September 2011. He was likely to urge Europe's leaders to expedite ratification of changes to the eurozone's bailout fund and consider boosting its size.

Related Links
ESO: Background information: German Finance Minister Prepares for Possible Greek Bankruptcy http://www.europeansources.info/record/german-finance-minister-prepares-for-possible-greek-bankruptcy/
Deutsche Welle, 13.9.11: Merkel warns leaders to watch their words on Greek debt http://www.dw-world.de/dw/article/0,,15382833,00.html
Deutsche Welle, 13.9.11: Europe worried over potential fallout of Greek bankruptcy http://www.dw-world.de/dw/article/0,,15382978,00.html
Spiegel Online International, 13.9.11: Loose Talk on Greek Default Could 'Cost Billions' http://www.spiegel.de/international/europe/0,1518,786032,00.html
BBC News, 13.9.11: Angela Merkel tries to allay Greece default fears http://www.bbc.co.uk/news/business-14894774
Deutsche Welle, 13.9.11: Obama calls on Europe to get eurozone house in order http://www.dw-world.de/dw/article/0,,15386178,00.html
Financial Times Deutschland, 14.9.11: Liberals threaten Greece and the coalition (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/947271-liberals-threaten-greece-and-coalition
Spiegel Online International, 14.9.11: Merkel Muzzling Coalition Critics to Gain Time http://www.spiegel.de/international/europe/0,1518,786164,00.html

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