The European Central Bank will probably help plug a financing gap in the Greek bailout that euro-area finance officials will consider this week, ING Group NV senior economist Carsten Brzeski said.
Chancellor Angela Merkel opened the possibility that Germany may ultimately accept a write-off of Greek debt, as policy makers this week attempt to engineer a buyback that’s crucial for Greece to receive more funding.
"It would be a nasty precedent if Greece leaves as it could stimulate others to do the same, making it the first step of euro fragmentation."
- Carsten Brzeski on Jan 05, 2015
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