Eurozone Pledges to Prevent Bankruptcy in Greece

Jean-Claude Juncker – Prime Minister of Luxembourg and spokesperson for the countries using the euro – said today that even though the credit situation in Greece is “tense”, there is no chance that Greece will face bankruptcy even after suffering a credit rating cut earlier this week.

“I totally exclude a state bankruptcy in Greece”, Juncker said.

In addition to Greece, Ireland, Portugal, and Spain have also received warnings from credit rating agencies that their credit ratings are also in peril.

AFP News

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.