BRUSSELS (MNI) – Eurogroup head Jean-Claude Juncker on Thursday
said that a selective default for Greece was a possibility, according to
media reports.

Following the comment, which Juncker made on his way into the
summit of Eurozone leaders here, German Bunds spiked into positive
territory and the euro hit new session low at $1.4183.

Juncker also said that he was confident of a good result from
today’s summit, though did not go into specifics. He stressed that the
euro “was not in danger”.

Juncker, who is also the prime minister of Luxembourg, played down
expectations of a bank tax, despite recent media reports, saying that
agreement on such a measures was “unlikely.” Nevertheless, all options
are being looked at, he said, including “flexible solutions” for the
European Financial Stability Facility.

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