No sign that Spain needs emergency aid: Juncker

The head of the group of eurozone finance ministers, Jean-Claude Juncker, lashed out on Wednesday at a French-German proposal to toughen rules on EU budget deficits, terming them unacceptable.Juncker, prime minister of Luxembourg, dismissed the plan agreed by France and Germany to tighten the EU's Stability and Growth Pact in light of the Greek debt crisis, saying in effect that the proposals had no teeth.

The budget situation in Greece is "tense" but the country should avoid bankruptcy, Jean-Claude Juncker, the president of the eurogroup, which unites the 16 countries that share the euro, said on Thursday.Speaking at a meeting of centre-right EU leaders from the European People's Party, Juncker said of the crisis in Greece, a eurozone country: "The budgetary situation is very tense, that's the least you can say."Juncker, who is also prime minister of Luxembourg, said: "I totally exclude a state bankruptcy in Greece."

Those looking for a bit of humor in the European debacle can find it in statements from Jean-Claude Juncker, head of the eurozone finance ministers. Juncker says "I don’t envisage, not even for one second, Greece leaving the euro area. This is nonsense. This is propaganda. We have to respect Greek democracy." Bear in mind this statement comes from the same man who said "When it becomes serious, you have to lie."

Luxembourg's Prime Minister, Jean-Claude Juncker, is to step down as the head of the Eurogroup at the end of the month.

The eurozone finance ministers postponed agreement on the next Greek deal following a rare public feud between IMF chief Christine Lagarde and "Liar-in-Chief" Jean-Claude Juncker, chair of the eurogroup of finance ministers. Recall that Juncker once publicly stated "When it Becomes Serious, You Have to Lie".

AFP - A dispute over creating joint eurozone bonds to hel