The chairman of the euro-area countries, Jean-Claude Junker said that Greece could face bankruptcy without the second bailout package from the European Union and International Monetary Fund in light of the sudden general referendum in Greece.

Recently, the Greek Prime Minister, George Papandreou called for general referendum on the 130-billion euros bailout deal, leaving the decision in the hands of Greeks to decide the fate of their own country; however, Greece could run out of funds as soon as January in case Greeks refused the deal.

Junker told RTL Radio regarding Greece going bankruptcy I cannot exclude that this would be the case, but it depends on how exactly the question is formulated and on what exactly the Greek people will vote on. And added It is something that brings a great nervousness, that adds great insecurity to already great insecurity and therefore we need to see calmly how we will deal with this.