Juncker hits out at 'stupid' reports of Greece considering euro exit

Luxembourg Prime Minister Jean Claude Juncker has branded German magazine reports that Greece is considering leaving the euro as "stupid".

Juncker, who chairs the group of eurozone finance ministers which met in Luxembourg last night said that the report was not on the agenda.

The Greek Finance Ministry described the article as "irresponsible and highly damaging".

The euro has dropped more than 1% against the dollar in the wake of the rumours.