UBS’s Gruebel Calls Euro Breakup ‘Unthinkable,’ Weltwoche Says

A breakup of the euro is “unthinkable” and would result in “enormous” damage, UBS AG Chief Executive Officer Oswald Gruebel told Die Weltwoche.

The sums being spent to save the euro are “nothing” compared to what a collapse of the union would bring, Gruebel told the magazine in an interview. A breakup would make the financial crisis of 2008 look like “a walk in the park,” he said.

To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net;

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