| Author (Person) | Peel, Quentin |
|---|---|
| Series Title | Financial Times |
| Series Details | 23.2.11 |
| Publication Date | 23/02/2011 |
| Content Type | News |
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Article reports that German Chancellor Angela Merkel held out the prospect on the 22 February 2011 of extending the term of the European Union’s bail-out of the Greek economy as part of a comprehensive package of measures to deal with the eurozone crisis, amid high-level warnings that Greece could not avoid a sovereign default. As Greek Prime Minister George Papandreou met with German Chancellor Angela Merkel on the 22 february 2011, voices grew predicting Greece’s debt restructuring and possible exit from the eurozone. Hans-Werner Sinn, head of Germany’s Ifo research institute, said that Greece is likely to be forced into restructuring its debt because other options for overcoming the crisis aren’t feasible. More talk of Greece being unable to sustain its debt came from European Bank for Reconstruction and Development President Thomas Mirow in interview to Germany’s Sueddeutsche Zeitung and the Financial Times. |
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| Countries / Regions | Europe, Germany, Greece |
