Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Dec. 27 (Bloomberg) -- 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;

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.