Jean-Claude Juncker – Prime Minister of Luxembourg and spokesperson for the countries using the euro – said today that even though the credit situation in Greece is “tense”, there is no chance that Greece will face bankruptcy even after suffering a credit rating cut earlier this week.
“I totally exclude a state bankruptcy in Greece”, Juncker said.
In addition to Greece, Ireland, Portugal, and Spain have also received warnings from credit rating agencies that their credit ratings are also in peril.
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