25-04-2015 14:00 via news.yahoo.com

UBS chairman says Greek default increasingly seen by IMF as controllable

UBS's chairman said a default by Greece is seen by the International Monetary Fund as "systemically controllable" and he believed it would have a negligible impact on the Swiss bank itself, according to a newspaper interview published on Saturday. Euro zone finance ministers told Greece on Friday that its leftist government would get no more aid until it agreed a complete economic reform plan. In an interview with Neue Zuercher Zeitung, the chairman of Zurich-based UBS, Axel Weber
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