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No Greek Euro Exit, Merkel Says

German chancellor determined to keep currency.

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Oliver Lang, dapd / AP Photo

German Chancellor Angela Merkel signaled renewed resolve to keep Europe’s single currency intact, saying that “everybody should weigh their words very carefully” when discussing the possibility of a Greek exit. The euro zone is in a “decisive phase,” Merkel told reporters, and she said that Germany stood by Greece’s “serious efforts” to rein in the country’s debt. Merkel’s remarks came after Alexander Dobrindt, general secretary of Germany’s Bavarian Christian Social Union, the ruling party, said that Greece would be out of the euro by 2013.

Read it at Bloomberg

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