Bloomberg News

Juncker Has No Plans to Step Down as Premier in Next Few Years

December 29, 2011

Dec. 29 (Bloomberg) -- Luxembourg’s prime minister, Jean- Claude Juncker, said he has no plans to step down from his post in “the next few years.”

Juncker, whose chairmanship of the group of euro-area finance ministers ends in mid-2012, said he won’t seek to remain in charge of the group when the job becomes full-time.

“That would mean I’d have to step down” as prime minister “and that’s not in my plans for the next few years,” Juncker said in an interview with the Luxemburger Wort newspaper that will be published tomorrow. “The decision about how this position would work will be taken in May or June.”

Juncker said Europe faces a “great catastrophe” without budget consolidation and a reduction of public debt in the region. “We’re facing a crisis unprecedented in its shape and ferocity,” he said.

--Editor: Patrick G. Henry

To contact the reporter on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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