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FSN: Eurogroup Chief Rules Out Greek Departure From Eurozone
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Jean-Claude Juncker, leader of the eurozone finance ministers’ group, said he believes Greece will not leave the single currency as he prepares for talks in Athens next week.
from Telegraph.co.uk
Mr Juncker, also Prime Minister of Luxembourg, told an Austrian newspaper that a Greek exit from the eurozone “won’t happen” as he is confident the country will “redouble its efforts” to meet austerity targets.
The Eurogroup chief will meet Greek Prime Minister Antonis Samaras in Athens on Wednesday amid speculation that Greece will seek more time to implement austerity cuts.
“It won’t happen,” Mr Juncker told Austria’s Tiroler Tageszeitung, when he was asked about the likelihood of a Greek exit from eurozone.
“If Greece refused budget consolidation and structural reforms outright then we would have to consider this question (of a Greek exit).
Continue Reading at Telegraph.co.uk…
2012-08-18 09:22:05
Source: http://silveristhenew.com/2012/08/18/eurogroup-chief-rules-out-greek-departure-from-eurozone/
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