Tags: Greece Financial Crisis

Germany Denies It Plans Greek Debt Restructuring

Wednesday, 19 Jan 2011 08:36 AM

Germany has rejected vehemently a report that it is considering a restructuring of Greece's debt.

European officials have for months ruled out a government default or restructuring of public debt in the eurozone.

Germany's Finance Ministry said that it "roundly rebuts" a report Wednesday in the weekly Die Zeit. The newspaper, citing no sources, said that there were plans in the government for a restructuring that would allow Greece to buy back its bonds, possibly with credit from Europe's bailout fund.

A Finance Ministry statement said that discussion of a strategy to stabilize the eurozone is "inside the framework of action" set out by a European Union summit last month — and that doesn't include plans to restructure Greek bonds.

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Germany has rejected vehemently a report that it is considering a restructuring of Greece's debt.European officials have for months ruled out a government default or restructuring of public debt in the eurozone.Germany's Finance Ministry said that it roundly rebuts a...
Greece Financial Crisis
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2011-36-19
Wednesday, 19 Jan 2011 08:36 AM
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