Arab Today, arab today ecb opposes any form of default for greece
Last Updated : GMT 06:11:27
Arab Today, arab today
Arab Today, arab today

ECB opposes any form of default for Greece

Arab Today, arab today

Arab Today, arab today ECB opposes any form of default for Greece

Frankfurt - Afp

The European Central Bank remains adamantly opposed to any form of default for Greece, whether whole or partial, ECB president Jean-Claude Trichet said on Thursday. Trichet stressed that the bank's position had not changed and it was opposed to a partial default or any form of credit event that would be taken as a debt default. "No credit event, no selective default, no default. That is the present message of the governing council," Trichet said. He spoke against a background of warnings from credit rating agencies that a mooted debt rollover for Greece with voluntary participation by private bank creditors might still trigger a selective default rating.

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