EU’s Juncker comments on European debt crisis

Written March 12, 2010 at 4:04 AM EST by  

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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