De Jager Says Greek Selective Default ‘Not Excluded Anymore’

Dutch Finance Minister Jan Kees de Jager said a selective default by Greece “is not excluded anymore.”

Euro-area finance ministers yesterday “did not exclude” a selective default during a meeting on Greece, “so we have more options, a broader scope to work with,” de Jager told reporters in Brussels today.

European Union finance chiefs today will discuss stress tests on the region’s banks. De Jager declined to comment on the tests before the talks. “We are going to listen first,” he said. “It’s very important to have credible stress tests. I am going to listen first and then I can comment on it later.”

To contact the reporter on this story: Lorenzo Totaro in Brussels at ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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