Greece has to make its rescue package work and a sovereign debt default is not an option for Athens, European Central Bank Executive Board member Lorenzo Bini Smaghi said on Wednesday.
"Plan B,
default, would be quite dramatic for the Greek people," Bini Smaghi told Financial Times television."It would entail the collapse of the financial system, major programmes in the economy politically, so plan A has to work and they are committed to make it work and the government is still implementing many reforms and it has the support of the people."
source: Reuters
