BERLIN (AP) — Luxembourg's prime minister says it would be "manageable" but "not desirable" if Greece were to leave Europe's 17-country single currency bloc.

Jean-Claude Juncker, who also chairs eurozone finance ministers' meetings, told German public broadcaster WDR late Monday such a move would carry enormous risks, especially for the Greeks.

But Juncker added, according to a transcript released by his government: "It would be a manageable procedure from today's point of view."

Greece has received bailouts from its European partners but has fallen behind on implementing agreed reforms and austerity measures, highlighting the prospect of a possible exit from the currency zone.

Analysts have warned that such a move would cripple Greece's economy for years, panic markets and pull other troubled European economies into the debt crisis.