Germany, Merkel: “Risks from Greek disorderly default uncalculable.”

Market news

27 February 2012

Germany, Merkel: “Risks from Greek disorderly default uncalculable.”

calls on banks to take part in Greek PSI
IMF contribution to Greek aid indispensable.
overcoming debt crisis will take years.
solution won't come in one big bang.
if euro fails, europe will fail

Before the bell: S&P futures -0.5%, Nasdaq futures -0.4%

Germany, Merkel: “Risks from Greek disorderly default uncalculable.”

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