Poor economic budgeting by Greece, led to collapse and the European Union sees no reason to help get them out of it.
The European Union would not help bail out Greece, European Central Bank Executive Board member Juergen Stark was reported as saying on Wednesday.
"The markets are deluding themselves when they think at a certain point the other member states will put their hands on their wallets to save Greece," Stark said in an interview with Italian newspaper Il Sole 24 Ore.
Stark said in recent years Greece had not controlled its public accounts or worked to help improve the country's competitiveness.
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