Bloomberg News

Prodi Says Greece Default Is ‘Not Advantage for Anybody’

September 29, 2011

Sept. 29 (Bloomberg) -- Former European Commission President Romano Prodi said a default by Greece is “not an advantage for anybody” and that public opinion in Germany has changed to support the euro region’s rescue fund.

Today’s vote in Germany’s lower house, the Bundestag, on approving upgrades to the European Financial Stability Facility represents “great change” for the region’s biggest economy, where public opinion has been slow to back bailout efforts, Prodi said in an interview today on Bloomberg Television with Francine Lacqua.

Nobody wants a break-up of the single-currency region, Prodi added.

To contact the editor responsible for this story: Jeffrey Donovan at jdonovan26@bloomberg.net


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