Germany Mulls Measures to Contain Greek Default, Spiegel Says

The German Finance Ministry is considering measures to contain the impact from a potential Greek default on indebted euro-area countries and banks, Der Spiegel reported, without saying where it got the information.

Under the plan, the European rescue fund would provide bridge loans to indebted countries as well as give financing to banks affected by a possible restructuring of Greek debt, the magazine said in an article published in today’s edition.