ECB opposes Greek selective default: Eurogroup

BRUSSELS : The European Central Bank reaffirmed its opposition to any selective default of Greece at a meeting of eurozo

Published July 11, 2011 Updated July 11, 2011 09:34pm

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By Syed Murtaza Gheblehzadeh

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"The ECB confirmed its position, reaffirmed by its Governing Council last Thursday, that a credit event or selective default should be avoided," the 17 finance ministers said in a statement.

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