Bloomberg News

Juncker Doesn’t Rule Out Greek Default If Referendum Vote Is No

November 01, 2011

Nov. 1 (Bloomberg) -- Luxembourg Prime Minister Jean-Claude Juncker said he can’t exclude the possibility of a Greek default if the Mediterranean country’s people vote against the latest bailout package in a referendum. Juncker made the comments in an interview with RTL Radio today.

Juncker, who also heads the group of euro-area finance ministers, said he would have to see the exact wording of the referendum questions before an “integral judgment” could be made on the matter.

Greek Prime Minister George Papandreou didn’t coordinate the move with his European partners, and it was a decision Juncker “could have done without” as it made financial markets more nervous, he said in the interview.

Juncker said he discussed the situation with German Chancellor Angela Merkel and European Union President Herman van Rompuy today.

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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