German minister: 'Not end of world' if Greece exits eurozone

A German minister has suggested the eurozone could do without Greece.

Transport Minister Peter Ramsauer told Die Zeit weekly newspaper that it would "not be the end of the world" if Greece were forced to exit the eurozone.

His comments come just hours before the German chancellor Angela Merkel and French President Nicholas Sarkozy hold a conference call with the Greek Prime Minister George Papandreou amid growing expectations of a Greek default.