{Greek FinMin: No Problem Refinancing Debt, Won’t Restructure>}
–Retransmitting 12:09 ET Story, Restoring Dropped ‘No’ in Headline
By Johanna Treeck
WASHINGTON (MNI) – Greece will have no problem concluding its aid
package, proceeding with reforms and, meanwhile, has absolutely no
intention to restructure its debt, Greek Finance Minister George
Papaconstantinou said Sunday.
In a news conference following talks with International Monetary
Fund, European Commission and European Central Bank officials and fellow
finance ministers, Papaconstantinou said that negotiations are
progressing well and should be “concluded rather soon.”
Papaconstantinou assured that Greece is on a good path to reducing
the country’s debt helped by an aggressive reform agenda and better than
expected economic developments.
He also said that the current crisis had highlighted both the
strengthen of the Eurozone and the need to strengthen it further.
“We are are very confident that the negotiations, which have
started even before we asks for the activation of the mechanism will be
concluded rather soon. They are going very well,” Papaconstantinou said.
“We have a framework, which is a three year framework, with strong
conditionality criteria,” Papaconstantinou said.
The program will reassure Greek citizens, our European partners,
the international community and the financial markets, the Greek finance
minister said.
“We are all confident that this will be done in time and we will be
continue to be able to refinance public debt without any problem,” he
asserted.
-more-
–Frankfurt newsroom, +49 720 142; jtreeck@marketnews.com
** Market News International Washington Bureau: 202-371-2121 **
[TOPICS: M$$CR$,MGX$$$,MT$$$$,M$$EC$,MX$$$$,M$X$$$,M$$FX$]
