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Europe Daily Bulletin No. 10381

19 May 2011
Contents Publication in full By article 15 / 41
GENERAL NEWS / (eu) eu/greece
ECB opposes re-scheduling of Greece's debt

Brussels, 18/05/2011 (Agence Europe) - On Wednesday 18 May 2011, Lorenzo Bini Smaghi, a member of the European Central Bank (ECB) Governing Council, rejected the idea of re-scheduling repayment of Greece's national debt to give the country more time. He is reported by Dow Jones as saying that he oppose the idea that has been mooted of a slight re-jigging of Greece's debt because of the negative impact that would have on Greek banks, which would have to drum up new cash under difficult...

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