OECD chief sees Greek debt market pressure easing

PARIS | Tue Jan 26, 2010 1:20pm GMT

PARIS Jan 26 (Reuters) - OECD chief Angel Gurria said on Tuesday he believed financial market pressure on Greece would ease off, even if markets would no longer be as indiscriminate about risk as they were before the global financial crisis. Asked at a press briefing if he believed the kind of pressure Greece came under in recent days over its surging debt could ultimately lead to strains that might break up the eurozone, Gurria said:

"No, I don't see that danger. There are no conditions that could justify that assumption."

He highlighted the oversubscription of a Greek debt placement on Monday as a positive sign for Greece and added that the country's membership of all the main EU groups and institutions was a strong signal markets should understand.

"Saying Greece is one of us ... is a very strong signal," he said. (Reporting by Brian Love)

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