ecb opposes any form of default for greece
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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ECB opposes any form of default for Greece

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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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ecb opposes any form of default for greece ecb opposes any form of default for greece

 



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