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Eurogroup's Juncker says no doubts on Greece future in the euro

Published Updated

junckeZURICH: The president of the Eurogroup of finance ministers, Jean-Claude Juncker, said on Tuesday he had no doubt about Greece's future in the euro zone provided the country fulfilled its duties towards other members of the single currency.

"If the Greeks do what they are required to and the Europeans continue to show solidarity, then I have no doubts", he told Swiss newspaper Tages-Anzeiger.

"According to the treaty we cannot kick out the Greeks anyway," he said. "If we force them out or push them so much that they resign, we would still be forced to support Greece and would today have to invest unimaginable sums. That would be at least as expensive as the now virtual costs of the aid credits up to now."

He was speaking in an interview published the day after German Chancellor Angela Merkel told Greece to make up its mind fast on accepting the painful terms for a new EU/IMF bailout. Greece's political leaders responded by delaying their decision for another day.

Copyright Reuters, 2012

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