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Eurozone rules out debt default for Greece

Eurozone partners put back a decision on whether to resume bailout funding for Greece, but categorically ruled out any chance of a debt default.

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Eurozone partners put back a decision on whether to resume bailout funding for Greece, but categorically ruled out any chance of a debt default.

Eurogroup chairman Jean-Claude Juncker said the currency partners had asked the Greek government to make further savings in 2012 and 2013 to secure EU and IMF approval at a special eurozone meeting called for October 13, leading to a "definite and final decision in the course of October," because Greece said it does not need eight billion euros in blocked loans until November.


1 min read

Published

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Source: AFP



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