Posted by WARREN MOSLER on May 27th, 2011
Juncker, EU minister and erstwhile unofficial IMF policy spokeman:
> (email exchange)
> Referring to questions about Greece’s prospects for restructuring in the absence of a
> stabilization course:
“If the donkey were a cat it could climb a tree. But it is not a cat. Nevertheless, this is a question that worries many people. My answer to it is almost a little theological: I do not believe that this question will ever be asked.”
> This interview out a couple days ago in Der Spiegel was priceless ( and informative)… he’s
> being asked about why he denied the emergency meeting rumored some days ago about
> Greece leaving EMU when it was true…
“SPIEGEL: Are you saying that, as a finance minister in the age of global capital markets, you cannot tell people the truth?
Juncker: I do not have a ready answer to your question…”
Juncker: Greece is not broke.
SPIEGEL: Hope springs eternal.
Full interview here.