Germany fears ‘full-blown bankruptcy inside the eurozone’

Author (Person)
Series Title
Series Details 8.6.11
Publication Date 08/06/2011
Content Type

EUObserver, and other news sources, reported on the 8 June 2011 that German Finance Minister Wolfgang Schaeuble believed Greek bankruptcy was imminent, according to a leaked letter, and argued that restructuring of the country's debt was necessary.

Other features discuss the issues as the deadline of the end of June 2011 loomed when EU leaders were due to decide on dealing with the continuing debt crisis in Greece.

Source Link Link to Main Source http://euobserver.com/9/32456
Related Links
Frankfurter Allgemeine Sonntagszeitung, 17.6.11: Greece, the serf of Europe (via PressEurop) http://www.presseurop.eu/en/content/article/719681-greece-serf-europe
ESO: Background information: Lenders close to new rescue deal for Greece http://www.europeansources.info/record/lenders-close-to-new-rescue-deal-for-greece/
BBC News, 8.5.11: Greece needs more aid, says Wolfgang Schaeuble http://www.bbc.co.uk/news/business-13693875
Deutsche Welle, 8.6.11: German finance minister calls for Greek debt restructuring http://www.dw-world.de/dw/article/0,,15140767,00.html
Spiegel Online International, 8.6.11: German Finance Minister Calls for Athens Debt Restructuring http://www.spiegel.de/international/europe/0,1518,767371,00.html

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