Democratic Alliance party leader Dora Bakoyannis on Wednesday expressed concern over references to "selective default" made by Finance Minister Evangelos Venizelos.

Bakoyannis stressed that referring to this option before the framework of an overall solution had been decided undermined Greece's negotiating strength when difficult negotiations lay ahead for a new loan agreement that the country needs.

"Mr. Venizelos takes on a huge responsibility by rushing to accept the prospect of 'selective default'. This may not be tantamount to a state of default but constitutes, for Greece, one more and especially crucial step in this direction," Bakoyannis said.