Germany fears ‘full-blown bankruptcy inside the eurozone’

EUObserver, and other news sources, reported on the 8 June 2011 that German Finance Minister Wolfgang Schaeuble believed Greek bankruptcy was imminent, according to a leaked letter, and argued that restructuring of the country's debt was necessary.

Other features discuss the issues as the deadline of the end of June 2011 loomed when EU leaders were due to decide on dealing with the continuing debt crisis in Greece.

• Primary Source

Frankfurter Allgemeine Sonntagszeitung, 17.6.11: Greece, the serf of Europe (via PressEurop) http://www.presseurop.eu/en/content/article/719681-greece-serf-europe

ESO: Background information: Lenders close to new rescue deal for Greece http://www.europeansources.info/record/lenders-close-to-new-rescue-deal-for-greece/

BBC News, 8.5.11: Greece needs more aid, says Wolfgang Schaeuble http://www.bbc.co.uk/news/business-13693875

Deutsche Welle, 8.6.11: German finance minister calls for Greek debt restructuring http://www.dw-world.de/dw/article/0,,15140767,00.html

Spiegel Online International, 8.6.11: German Finance Minister Calls for Athens Debt Restructuring http://www.spiegel.de/international/europe/0,1518,767371,00.html

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