Greece denies rumors it may quit euro

By REUTERS
May 7, 2011 02:50




Top finance officials of the euro zone's biggest economies met to discuss Greece's debt crisis on Friday and Athens denied a media report that it was considering whether to leave the bloc.

Jean-Claude Juncker, head of the group of euro zone finance ministers, said the meeting in Luxembourg was attended by ministers from Germany, France, Italy and Spain. He said there was a broad discussion of Greece and other international economic issues.

Juncker denied a report in Germany's Spiegel Online magazine that the talks were held to discuss the possibility, raised by Athens, of Greece withdrawing from the 17-member euro zone, as well as the idea of restructuring Greece's 327 billion euro ($470 billion) sovereign debt.

"We have not been discussing the exit of Greece from the euro area. This is a stupid idea. It is in no way -- it is an avenue we would never take," he told reporters.


Related Content

Breaking news
January 21, 2018
U.S. urges Turkey to 'exercise restraint' in Syria operation

By REUTERS

Israel Weather
  • 9 - 19
    Beer Sheva
    11 - 20
    Tel Aviv - Yafo
  • 9 - 13
    Jerusalem
    12 - 18
    Haifa
  • 13 - 23
    Elat
    11 - 21
    Tiberias