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Image header Agence Europe
Europe Daily Bulletin No. 10298
GENERAL NEWS / (eu) eu/greece

Commission says idea of restructuring Greek debt is nonsense

Brussels, 20/01/2011 (Agence Europe) - A spokesperson for EU Economic and Monetary Affairs Commissioner Olli Rehn said on Monday 20 January that the idea of restructuring Greece's debt was “nonsense”. German newspaper Die Zeit reports that talks are taking place, examining the option of the EFSF (a fund set up in May 2010 to help the eurozone) buying up cheaper than the market rate Greek bonds (public debt) that it would then sell back to Greece as a way of giving the country one-off aid...

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