Financial News: Commission: No issue of Greek default 'scenario'

The European Commission on Monday dismissed speculation that it was considering any scenario involving a Greek debt default.
Amadeu Altafaj, a spokesman for EU Commissioner Olli Rehn, told reporters, here that the European Commission was not working on any such scenario. He also stressed that measures announced by the Greek government over the weekend were moving towards the right direction and that the EU executive’s goal aims for the EC-ECB-IMF 'troika' to draft a positive assessment over the progress of the Greek economy for the release of the next instalment of bailout loans.
Altafaj also noted that the EU has begun a programme to offer technical assistance to Athens, while he stressed that a discussion of the Greek issue would be held in an informal finance ministers’ council in Poland on Friday.

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