Bloomberg News

EU’s Juncker Says It’s Important to Prevent Greek State Default

October 25, 2011

Oct. 25 (Bloomberg) -- Luxembourg Prime Minister Jean- Claude Juncker, who heads a meeting of euro-region finance ministers, said it’s important to avoid a Greek default.

“We need to do everything to avoid a full or partial Greek default,” he said at an event in Zurich today. A default would have “considerable negative” effects, he said.

Juncker also said that “it’s absolutely out of question to exclude a country” from the 17-member euro region. “We need to define a new Greek program.” The private sector will have to take a bigger share in a new program, he said.

To contact the editor responsible for this story: Simone Meier at smeier@bloomberg.net


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