A debt restructuring of any kind would not solve Greece's problems and would spell disaster for the country's banks, European Central Bank Executive Board member Juergen Stark said on Wednesday.
"It is an illusion to think that a debt restructuring, haircut or whatever kind of rescheduling would help resolve the problems this country faces," said Stark, who oversees the ECB's influential economics division.
"If the (economic adjustment) programme is implemented one- to-one, then debt sustainability is ensured and Greece is solvent," he added.
REUTERS
