September 13, 2011
German Chancellor Angela Merkel has sought to calm nerves over a possible Greek default, saying the eurozone bloc must stick together.
The collapse of Greece and its exit from the euro would have a domino effect, she told German radio.
Her comments came after reports that Germany was preparing for Greece to potentially leave the euro.
Fears of a Greek default caused sharp falls in shares on Monday, with markets remaining unsettled on Tuesday.
Mrs Merkel told the RBB radio station: "The top priority is to avoid an uncontrolled insolvency, because that would not just affect Greece, and the danger that it hits everyone - or at least several countries - is very big.
"I have made my position very clear that everything must be done to keep the eurozone together politically. Because we would soon have a domino effect," said the chancellor.
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