European Union finance ministers met on Tuesday to discuss the debt situation in Greece, as well as financial issues facing the wider EU.
Following are highlights of comments from EU finance ministers and officials after talks in Brussels on Tuesday:
AUSTRIAN FINANCE MINISTER MARIA FEKTER ON POSSIBLE USE OF EUROZONE BONDS FOR DEAlING WITH DEBT CRISIS:
I am against eurobonds. It is not sensible ... fiscally or economically.
LUXEMBOURG'S FINANCE MINISTER LUC FRIEDEN ON A POSSIBLE GREEK DEFAULT:
There will be no country in default within the euro zone.
GERMAN FINANCE MINISTER WOLFGANG SCHAEUBLE ON A NEW GREEK SUPPORT PACKAGE:
A private sector participation is certain.
The key is that the debt sustainability of Greece must be improved.
(Reporting by Julien Toyer, Leigh Thomas and John O'Donnell)