Eurozone ‘could cope’ with exit of Greece

The German government believes that the eurozone would now be able to cope with a Greek exit if that proved necessary, the Der Spiegel news magazine reported.

Chancellor Angela Merkel and Wolfgang Schaeuble, the finance minister, believe the eurozone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential exit by Greece manageable, Der Spiegel reported.

“The danger of contagion is limited because Portugal and Ireland are considered rehabilitated,” the weekly magazine quoted one government source as saying.