| Author (Person) | Peel, Quentin |
|---|---|
| Series Title | Financial Times |
| Series Details | 14.9.11 |
| Publication Date | 14/09/2011 |
| Content Type | News |
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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. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Germany, Greece, United States |
