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4 Jan 2015
Germnay sees Grexit as manageable event
FXStreet (Bali) - Ahead of Greece's general elections on January 25, and with Tsipras’s anti-austerity Syriza alliance ahead in the polls, Der Spiegel reports, citing unidentified government officials, that German Chancellor Angela Merkel sees a potential Greek exit from the euro zone as a manageable outcome.
Bloomberg carries a summary of the story, noting: "Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, Der Spiegel reported."
"The danger of contagion is limited because Portugal and Ireland are considered rehabilitated," a government source said, Bloomberg adds. Another source added that with the European Stability Mechanism (ESM) now in place, a Greek exit from the Euro bloc would not cause any major debt-contagion disruption.
Bloomberg carries a summary of the story, noting: "Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, Der Spiegel reported."
"The danger of contagion is limited because Portugal and Ireland are considered rehabilitated," a government source said, Bloomberg adds. Another source added that with the European Stability Mechanism (ESM) now in place, a Greek exit from the Euro bloc would not cause any major debt-contagion disruption.