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Merkel: Greek 'haircut' could trigger 'domino effect'

Published on Aug 25, 2013 8:20 PM
 
German Chancellor Angela Merkel warned a Greek debt write-down could spark a "domino effect of uncertainty" and scare off investors in the eurozone, in an interview released on Sunday, Aug 25, 2013.-- FILE PHOTO: AFP

BERLIN (AFP) - German Chancellor Angela Merkel warned a Greek debt write-down could spark a "domino effect of uncertainty" and scare off investors in the eurozone, in an interview released on Sunday.

Ms Merkel's comments to Focus news weekly come a month before elections in Europe's biggest economy and days after the woes of debt-mired Greece lurched onto the campaign trail.

"I am expressly warning against a haircut," she said, according to a pre-released copy of the interview.

"It could trigger a domino effect of uncertainty with the result that the readiness of private investors to invest in the eurozone again fall to nothing," she said.

 
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