Merkel Ally Says Greece May Need Debt Cut to Stay in Euro
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Greece may need a second debt restructuring to stay in the euro, a leading political ally of Chancellor Angela Merkel said.
The comments by Norbert Barthle, the Christian Democratic Union’s parliamentary budget spokesman, are the first indication by a senior German official that additional help for Greece may be forthcoming to avert the market turmoil that would be triggered by its exit from the 17-nation currency region.