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Commission spokesman: Repurchase of Greek debt one of many ideas eyed

Δημοσίευση 29 Ιανουαρίου 2011, 12:25 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Commission spokesman: Repurchase of Greek debt one of many ideas eyed
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The issue of repurchasing Greek debt is one of many ideas currently under discussion in the Eurozone, AmadeuAltafaj, a spokesman for EU Commissioner for Economic Affairs Olli Rehn said on Friday.

The issue of repurchasing Greek debt is one of many ideas currently under discussion in the Eurozone, AmadeuAltafaj, a spokesman for EU Commissioner for Economic Affairs Olli Rehn said on Friday.

The spokesman, commenting on statements by Greek Finance Minister George Papaconstantinou οn the issue, said the latter met with Rehn in Davos and added that a discussion was underway- currently in the Eurozone and the EU in general- over finding an overall solution to deal with a debt crisis in the Eurozone. These discussions included the issue of the current and future financing mechanism, which will be discussed at a European Council on Feb. 4.

Altafaj underlined the efforts made by Commission President Jose Barroso and Rehn to ensure progress in decision-making and stressed that finding an overall solution to the problem was an urgent need for the Commission.

The spokesman acknowledged that a plan to repurchase Greek debt was examined in unofficial discussions but added that other options were also examined.

“The discussion is open and member-states should find the ways for a more efficient solution, through a permanent support mechanism,” Altafaj said, adding there was room for improvement in the operation of the current mechanism.