Juncker: eurozone has no time to lose
BERLIN (AP) — Eurogroup chief Jean-Claude Juncker is saying in a German newspaper interview that Europe is "at a decisive point" in its battle against the debt crisis and will decide in the coming days what measures to take.
Juncker's comments to the daily Sueddeutsche Zeitung, released Sunday, follow assurances from the head of the European Central Bank and political leaders that they'll do everything to save the euro.
Those comments have raised expectations that the ECB or the eurozone's rescue fund might step in to buy Spanish and perhaps Italian government bonds to lower the countries' borrowing costs.
Juncker was quoted as saying: "It still has to be decided what exactly we will do when. That depends on the developments of the coming days and how fast we have to react."
