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.

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net


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