EU’s Juncker comments on European debt crisis
Eurogroup Chairman Jean-Claude Juncker has made the following comments in interview in Bonn;
*Eurozone needs instruments to prevent new crisi
*EMF is no instrument to solve Greek crisis, but would be instrument for broad based crisis
*EMF has to comply with stability and growth pact, they would not breach no bailout clause
*EMF does not mean to socialize risk
*EMF implementation will take time, at least months
Seemingly negative comments regarding the Eurozone. Eur/Usd is trading just off fresh high of 1.3727. These comments may have halted the pairs progress.




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