Wednesday that he thought Greece wouldn΄t need to default on its debt.
Greece should be given time to sort out its finances before talk of any debt restructuring, which would have serious consequences, Praet said.
He added that the measures being put in place by the Greek government would help the economy start growing again.
"Some say the negative externalities would be limited. Some have a different judgment, and that is my point of view," Praet stated.
"I think we have a very strong program," he said at a hearing on his nomination at the European Parliament. "You have to give a chance to this programme in Greece. It΄s very tough but the country is very committed."
source: CAPITAL
