Bloomberg News

Euro Group’s Juncker Says Greek Default Would Lead to Contagion

January 26, 2012

Jan. 26 (Bloomberg) -- Jean-Claude Juncker, the prime minister of Luxembourg who leads the group of euro-area finance ministers, said that Greek default would lead to contagion, meaning the possibilty needs to be avoided, according to an interview published by Le Figaro newspaper.

“There’s no default without contagion,” Juncker was quoted as saying, according to an e-mailed excerpt of the interview. “It is in everyone’s interest to avoid a Greek default.”

Juncker also said that Europe needs to set a strategy for growth.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus