Greece a problem for every eurozone member: Juncker

(BERLIN) - Every member of the eurozone will have to rise to the occasion in case Greece needs a bailout to emerge from its debt crisis, the head of the Eurogroup of finance ministers said Tuesday.

"Not only the big (states) but also the small ones will be called to duty" if a financial aid package is needed to help Greece, Luxembourg Prime Minister Jean-Claude Juncker told Germany's ZDF television.

Asked about concerns that Greece's problems could cause a domino effect in the eurozone, he said the fears "clearly show that we must take a global responsibility vis-a-vis the euro which nobody can escape from."

Juncker, who heads the group of eurozone finance ministers, said he had an "almost unshakeable conviction" that Greece would not need emergency aid after it launched austerity measures to cut its public deficit and debt.

But he added that if financial markets were to continue to "speculate against Greece in an unreasonable manner" despite its efforts then "we would be ready" to provide bilateral loans to Athens, he said.

"We will only react if the entire eurozone is in danger," he said.

Juncker spoke after European Union finance ministers backed a eurozone plan to make emergency loans available to Greece -- if needed -- to shield the country from bankruptcy.