FRANKFURT (MarketWatch)
The European Commission and the European Central Bank
are working on contingency plans in the event Greece exits the euro, Trade
Commissioner Karel De Gucht said in an interview with a Belgian newspaper
published Friday, news reports said
The ECB and the commission, which is the
executive arm of the European Union, are "working on emergency scenarios in case
Greece does not make it," De Gucht was quoted as saying
A commission
spokeswoman denied any contingency plans for a Greek exit were being prepared,
while an ECB spokesman said the bank doesn't "engage in any speculations about
any emergency plans or possible scenarios" and would therefore not comment on
the statement, Dow Jones Newswires reported
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