Merkel Says Advantages Outweigh Risks Tied to New Greek Rescue Program

Chancellor Angela Merkel said the risks to the euro area and the global economy of a Greek rescue program have to be weighed against the advantages as she called on lawmakers to vote for the latest Greek rescue package.

“The chances of the new program outweigh the risks,” Merkel told lawmakers today as they prepared to vote on a 130 billion-euro rescue package for Greece, the second in two years. “As chancellor of the Federal Republic of Germany, I have to take some risks, but I can’t embark on adventures.”

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.