DAVOS-EU’s Almunia:no chance Greece default, euro zone exit

DAVOS, Switzerland, Jan 29 (BestGrowthStock) – The European Union
monetary affairs chief said on Friday that there was no risk
that Greece would default or leave the euro zone.

“No Greece will not default. Please. In the euro area, the
default does not exist,” Monetary Affairs Commissioner Joaquin
Almunia told Bloomberg TV.

Asked if there was any possibility Greece would leave the
euro zone he said: “no chance.”

“Because it is crazy to try to solve the problems the Greek
economy has outside the euro zone,” he said.

Almunia said there was no special European plan for Greece,
though regular monthly recommendations on the fiscal imbalances
of Greece and other nations would be made next week.
“It is a normal analytical document that is written every
month,” he said. “We have no plan B. Plan A is on the table,” he
said, referring to Greek plans for fiscal adjustment.

Investing Basics

(Writing by Lin Noueihed, Editing by Jon Boyle)

DAVOS-EU’s Almunia:no chance Greece default, euro zone exit