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Euro Area Beyond Repair If Greece Exits, Schaeuble Tells FAZ

German Finance Minister Wolfgang Schaeuble said the European monetary union would suffer an “irreparable loss of faith” if Greece or another member were to quit the single-currency zone, according to Frankfurter Allgemeine Sonntagszeitung.

“I don’t want to imagine what would be if markets would realize that they are able to push individual countries out of the euro zone,” the newspaper quoted Schaeuble as saying in an interview published today.

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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