Bloomberg News

ECB’s Stark Says Greece’s Euro Zone Exit ‘Is Not An Option’

October 14, 2011

Oct. 14 (Bloomberg) -- Exiting the euro zone is “not an option” for Greece, European Central Bank Executive Board member Juergen Stark said.

“I always say it’s not a 100-meter run, it’s a marathon run for Greece, so it will take time,” Stark said in an interview broadcast on Latvian radio today. “We should not lose patience, and also the Greek government should not lose patience in the implementation.”

Greece has already “done a lot” to reduce the size of its budget deficit, Stark said.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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