BERLIN (MNI) – The German finance ministry on Wednesday said media
reports that the German government is planning for a restructuring of
Greek debt are wrong.
“The finance ministry resolutely denies that the federal government
is planning or working on ways to restructure Greek debt,” ministry
spokesman Martin Kreienbaum said in a statement.
There are currently discussions underway for a sustainable strategy
to stabilise the Eurozone, as part of the action plan decided by EU
leaders in December, the spokesman said.
However, “plans for a restructuring of Greek government bonds are
clearly not part of these joint considerations,” he stressed.
Germany has always said that a possible participation of creditors
in rescue measures will only be part of a new crisis mechanism after
mid-2013, when the current rescue facility expires, Kreienbaum reminded.
“It will stay this way,” he promised.
–Berlin bureau: +49-30-22-62-05-80, email: twidder@marketnews.com
[TOPICS: M$X$$$,M$G$$$,M$$CR$,MGX$$$,MT$$$$,MFX$$$]
