Jean-Claude Juncker, president of euro-zone finance ministers, said on Wednesday that “2012 will be a decisive year for the euro, but returning to the drachma is not an option for Greece”.
He insisted Greece΄s debt woes could be resolved without the country having to exit the currency bloc.
Juncker said that should happen in coming weeks after the Greek government wraps up negotiations with private creditors on a debt writedown.
“2012 is a key year for the euro,” he noted in a transcript of an interview with German radio station NDR. “At the end of this year it will be apparent that further decisions which bring our goal closer were made.”
(source: Dow Jones)