EUROZONE-GREECE/GERMANY Germany's Gabriel sees "gigantic" fallout if Greece goes bankrupt

Record ID: 149923

  • Title: EUROZONE-GREECE/GERMANY Germany's Gabriel sees "gigantic" fallout if Greece goes bankrupt
  • Date: 2nd June 2015
  • Summary: BERLIN, GERMANY (JUNE 2, 2015) (REUTERS) EXTERIOR OF BUILDING CAMERA CREWS (SOUNDBITE) (German) GERMAN ECONOMY MINISTER, SIGMAR GABRIEL, SAYING: "I think it's absolutely right that Germany and France are making another attempt to come to a solution because the political consequences of a Greek bankruptcy in the euro zone would of course be gigantic. I think a lot of people
  • Embargoed: 17th June 2015 13:00
  • Keywords:
  • Location: Germany
  • Country: Germany
  • Topics: General
  • Reuters ID: LVACXGIB2AF0Y9SNR4Y7GEZD3VG9
  • Aspect Ratio: 16:9
  • Story Text: German Vice Chancellor Sigmar Gabriel said on Tuesday (June 2) the consequences of a Greek bankruptcy would be "gigantic" for Europe, but hoped a deal could be reached to avoid such a scenario.
    "I am very happy that the German chancellor, the French president, the EU Commission president as well as the ECB and the IMF made another attempt last night to come to an agreement."
    Gabriel, who is also German Economy Minister, said he hoped Greece would embrace the efforts of Chancellor Angela Merkel and the chiefs of Athens' international creditors to reach a deal in debt negotiations.
    Merkel and the leaders of France and Greece's international creditor institutions agreed late on Monday to work with "real intensity" in the coming days as they try to clinch a deal in the debt negotiations with Athens.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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