Financial Times
September 13, 2011
Angela Merkel, the German chancellor, has slapped down her vice-chancellor and warned other members of her government to stop speculating about the possibility of a Greek default in the current eurozone debt crisis.
In a radio interview, Ms Merkel warned that the future of the euro, and with it the future of Europe, was at stake.
“That is why everyone should weigh their words very carefully,” she said, in a clear rebuke to Philipp Rösler, her economy minister and vice-chancellor, who openly speculated about a Greek default in a newspaper article on Monday.
“What we do not need is alarm in the financial markets,” she said. “There is already quite enough uncertainty.”
Her words followed an equally firm intervention from Wolfgang Schäuble, finance minister, who said that “it makes no sense to increase the nervousness [in the markets] with idle gossip.”
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