Freaked-Out Eurogroup Chair Promises Greece Won't Go Bankrupt

Despite a very grim outlook for Greece and its potential for imminent default, Eurogroup chairman Jean-Claude Juncker says everything is fine and not to worry:

Reuters: Jean-Claude Juncker, chairman of the Eurogroup of euro-zone finance ministers, said on Thursday Greece would not go bankrupt so there would be no need for help from the European Union.

On the sidelines of a meeting of the conservative European People’s Party (EPP) in Bonn, he also said Greece’s budget was very strained and the government there would take measures to consolidate it.

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