ECB’s Stark says EU wouldn’t save Greece

January 6, 2010 Share Print 0

The European Union would not help bail out Greece if that country’s public debt problem continued to worsen, European Central Bank Executive Board member Juergen Stark was reported as saying on Wednesday.

“The markets are deluding themselves when they think at a certain point the other member states will put their hands on their wallets to save Greece,”

Stark said in an interview with Italian newspaper this morning.

Washington Post

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Dean Popplewell

Vice-President of Market Analysis at MarketPulse

Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.