German finance minister says Greece will not default

SINGAPORE (Reuters) - German Finance Minister Wolfgang Schaeuble said on Sunday that Greece would not default, but warned that if Athens did exit the eurozone it would be damaging not only for the zone as a whole but also Greece. "I think, it will not happen that there will be a state bankrupt in Greece", Schaeuble said at a meeting with business leaders in Singapore. "Greece has to take a lot of very serious reforms and this will harm. Everyone is trusting that the Greek government is doing what is necessary. ...

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