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Financial News: Restructuring of Greek debt scenarios 'nonsense', Commission says

Δημοσίευση 21 Ιανουαρίου 2011, 12:58 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Financial News: Restructuring of Greek debt scenarios 'nonsense', Commission says
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Recent scenarios over a restructuring of Greek debt were “nonsense”, Amadeu Altafaj, the spokesman for EU Commissioner for Economic Affaris Olli Rehn, said on Thursday. Speaking to reporters, the EU spokesman commented on German press reports about a restructuring of the Greek debt, said these reports were “nonsense” and welcomed the dismissal of the reports by German authorities.

Recent scenarios over a restructuring of Greek debt were “nonsense”, Amadeu Altafaj, the spokesman for EU Commissioner for Economic Affaris Olli Rehn, said on Thursday. Speaking to reporters, the EU spokesman commented on German press reports about a restructuring of the Greek debt, said these reports were “nonsense” and welcomed the dismissal of the reports by German authorities.

Altafaj expressed the certainty of the European Commission that Greece would be able to make it on its own after 2013 and noted that Eurogroup decisions, a fiscal consolidation and structural reforms program implemented by the Greek government and an anticipated decision to extend the repayment period for the loans offered to Greece by the EU and the IMF, would allow the country to service its borrowing needs after 2013.

The Greek government on Thursday reiterated its position that there was no discussion over a restructuring of the Greek debt. Government spokesman George Petalotis, speaking to reporters, categorically rejected speculation that the country was discussing a restructuring of its debt and noted that the government was strictly adhering to its goals.