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ECB's Knot Says Greek Default Can Not Be Ruled Out - Report

From menafn.com

It can't be ruled out that Greece will slide into default as the Mediterranean country struggles to shore up its finances, the new Dutch representative at the European Central Bank's governing council said Friday in a newspaper interview. Klaas Knot, who is also Dutch Central Bank President, said a default is "one of the scenario's. I'm not saying that Greece will not default," he told Het Financieele Dagblad. "I had long been convinced that a default was not necessary. But the news from Athens is sometimes not encouraging. All efforts are aimed at preventing it, but I am now less certain in ruling out a default than ... (full story)

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  • Category: Medium Impact Breaking News