BERLIN Dec 21 Outgoing Eurogroup chief
Jean-Claude Juncker on Friday dismissed the possibility of
writing down Cypriot sovereign debt, saying that would risk the
credibility of the euro zone.
"We didn't say all Greek speaking countries, we said Greece.
It is part of the credibility to stick to the signals you have
sent," Juncker told German radio Deutschlandfunk.
"I expect that a haircut will not be part of the instruments
that will be used with priority (in Cyprus). I want to exclude
that possibility from my side," Juncker added.
Cyprus on Thursday dismissed as unfounded any suggestion
that the International Monetary Fund is seeking a writedown of
the island's debt before it agrees to participate in a
multi-billion euro bailout.