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Merkel calls for a 'Greece solution'

The Local · 9 Sep 2012, 07:56

Published: 09 Sep 2012 07:56 GMT+02:00

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"We must find a solution for Greece," Merkel told her inner circle, Der Spiegel reported without citing a source.

This happened before the most recent audit mission by the debt-burdened country's so-called troika of bailout lenders: the European Union, the International Monetary Fund and the European Central Bank.

Der Spiegel added that Merkel and her advisors fear that a Greek exit would trigger a domino effect akin to what followed the 2008 collapse of US

investment bank Lehman Brothers.

A Greek exit could cost Germany €62 billion ($79 billion), the magazine said, adding that Merkel also considers the scenario fraught with political consequences.

It said Merkel wanted to avoid handing Athens a third rescue package, given her doubts over being able to get it passed in the German parliament, but added she was willing to adapt the current package by increasing the upcoming tranches and reducing ones further down the road.

Late last month, Merkel offered Greece a ray of hope when she stressed that she wanted the country to stay in the eurozone and pledged German help after crisis talks with Greek Prime Minister Antonis Samaras.

Story continues below…

"I want to say very clearly ... that Greece is part of the eurozone and I want Greece to remain part of the eurozone. This guides all our discussions," Merkel said at a joint news conference with Samaras.


The Local (news@thelocal.de)

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Your comments about this article

11:26 September 9, 2012 by smart2012
Verkel, u should have done these comments at least 1 year ago. Now, looking at the konig, crowmn prince and siba's comments plus Bild and abendzeitung u r too late... Exit of Greece will cost much more money for taxpayers and for siemens, thyssenkrup, deutche bank, Telekom, u should have said it much much earlier. Now u have created anti euro feeling and we r in a dangerous territory. Monti has just called for a meeting in Rome on anti populistic programs to be developed, he is right.
14:02 September 9, 2012 by siba
haha... now I am also like Bild though I have never read it before.

Here again we see that you have strong opinions which are not based on facts: You write Merkel has created an anti-euro-feeling and we are in a dangerous territory:

according to recent polls a clear majority of germans are for more Europe, not for less Europe. 70 % are for keeping the Euro... so what the hell are you talking about? You see the majority of Germans does not think like BILD.

more europe:


70 % wanna keep the Euro:


a less trivialized and more informed discussion would be nice.
14:28 September 9, 2012 by smart2012
Siba, u r telling us that the anti euro sentiment did not increase in Germany in the last 6 months? Do u leave on the moon? There has been articles on this even in the local.

And look at the article that just came out on court decision...
19:49 September 9, 2012 by ChrisRea
@ smart2012

Were you looking for these figures?

End of 2011: "In this analysis, nearly two-thirds (63 per cent) of Germans support the euro, as opposed to a third (32 per cent) who do not." http://www.irishtimes.com/newspaper/world/2011/1217/1224309216645.html
21:15 September 9, 2012 by crm114
Exit costs €62 billion ==> Bargain, bring on the final solution !

chris your figures are almost a year old. In june 2012 it appears to be generally reported that the pro's and anti's are approximately neck and neck, I wonder what those poll figures will reveal in spring next year.



by the way as you cited the irishtimes, in May, 75% of the irish were calling for a referendum on the ESM.

As we are talking about Greece, did anyone notice that the protest in the streets of Thessaloniki yesterday, numbering between 12 and 15 K including uniformed police and military employess seems to have escaped the attention of the europhilic press mongers?
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