Bloomberg News

Greek Default ‘Undoubtedly’ Possible, Former Minister Manos Says

October 04, 2011

Oct. 4 (Bloomberg) -- A Greek default is “undoubtedly” on the cards “if we go on the way we do,” said Stefanos Manos, the country’s economy minister from 1992 to 1993 in a government led by the current main opposition New Democracy party.

In an interview with Dublin-based broadcaster RTE aired today, he said the troika of the European Union, European Central Bank and International Monetary Fund officials supervising Greece should push for more spending cuts.

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