Tuesday, June 14, 2011

ECB's Noyer: Greek Solution Must Avoid Default



















Bank of France Governor Christian Noyer Tuesday said European governments need to find a solution to Greece's debt crisis that avoids even a partial default.


"We think anything that would lead to declaration of a default for Greece or other regions should absolutely be avoided. That is why it must be only and purely voluntary," Mr. Noyer said, repeating the stance of European Central Bank President Jean-Claude Trichet expressed last week.


WSJ