Thursday, March 31, 2011

EU rescue fund head Regling sees risks on Greek debt

"All the responsible authorities -- the International Monetary Fund
, the European Central Bank and the European Commission -- are assuming so far that Athens can pay back all its debt," Klaus Regling, head of the European Financial Stability Facility, told Germany daily Sueddeutsche Zeitung.
"There are of course risks," he added.
Regling played down the risks of a spread of debt troubles in the euro zone, saying markets had come to the conclusion that there were only three countries in the bloc with acute financial problems.
"The danger that one country in the crisis infects another is significantly lower than it was six months ago," he said. "Attention is focused on three small countries -- Greece, Ireland and Portugal. It is clear that Spain no longer belongs on this list."






REUTERS