Greek Prime Minister Lucas Papademos on Monday said abandoning the euro and returning to the drachma was “really not an option,” for the country. In an interview with CNBC, Papademos also said he was confident the country would avoid a default in March.
“Our objective is to complete the two processes and also to fulfill our commitments that have been made in the past. We are confident that we’re going to achieve this,” he said.
Talks between Greece and the private sector appeared to break down last Friday, to which Papademos said “further reflection is necessary on how to put all the elements together. But I’m confident they will continue and we will reach an agreement that is mutually acceptable in time,” he said.
(source: CNBC, marketwatch)
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