The euro zone does not risk the sort of debt problems plaguing Dubai, senior European Union officials said on Sunday.
Dubai was forced to seek a debt standstill last week, rocking global markets and reviving concerns about the fiscal health of some euro zone members, notably Greece.
Luxembourg prime minister Jean-Claude Juncker, who chairs the Eurogroup of euro zone finance ministers, said he saw no risk of such a default in the euro area.
European Central Bank governor Jean-Claude Trichet "entirely" confirmed what Juncker said.
The two were speaking at a news conference after a day of talks with premier Wen Jiabao and other senior Chinese officials.
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