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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 [1]

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Scott Boyd

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