NEWS

A Greek default in nobody’s advantage, Prodi says

A Greek default is ?not an advantage for anybody,? former European Commission President Romano Prodi told Bloomberg on Thursday, adding that nobody would like to see a break-up of the euro currency area.

The Italian official also expressed his confidence that the Bundestag, Germany’s lower house, would on Thursday pass a bill approving new powers for European Financial Stability Facility (EFSF).

Prodi said the vote would be a ?great change? for the European Union’s powerhouse Germany, where public opinion is reportedly hostile to further bailouts for the eurozone’s distressed members.