The political consequences of a Greek insolvency would be “gigantic,” German Vice-Chancellor and Economics Minister Sigmar Gabriel said Tuesday, calling on the left-wing Greek government to be willing to compromise. His comments come after German Chancellor Angela Merkel , French President François Hollande, European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi and the head of the International Monetary Fund, Christine Lagarde , met in Berlin Monday evening to discuss ways to break up the deadlock of the Greek debt crisis. “I think it’s absolutely right that Germany and France once again try to find a solution, because the political consequences of Greece’s insolvency within the eurozone would of course be gigantic,” said Mr. Gabriel at a conference. “Many people seem to have somewhat the impression that it’s better to make a painful break than to draw out the agony. The truth is, that if the first […]