Berlin rejects speculation of direct purchase of Greek debt by EFSF

The German government on Wednesday rejected speculation over the direct purchase of Greek bonds by the European Financial Stability Fund (EFSF).

Government officials, speaking here to reporters, said such a scenario could not be implemented and stressed that Greece would be able to reach a sustainable servicing of its debt if the country strictly adheres to its structural reforms program.

A European Union summit on Friday will discuss measures to deal with a debt crisis in the Eurozone, based on an analysis made by the European Commission and the European Central Bank.

Final decisions are expected in a March EU Summit.

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