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Europe Daily Bulletin No. 10377

13 May 2011
Contents Publication in full By article 13 / 38
GENERAL NEWS / (eu) ep/greece
Rehn says cost of restructuring would be catastrophic

Brussels, 12/05/2011 (Agence Europe) - Speaking in a European Parliament debate on Wednesday 11 May about the sovereign debt crisis in the eurozone over the past 18 months, EU Economic and Monetary Affairs Commissioner Olli Rehn warned about the cost of any default by Greece (see EUROPE 10376). He said that the people calling for a “restructuring” of Greece's sovereign debt didn't understand the catastrophic consequences such a move would have for Greece itself and for economic stability...

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