Government spokesman Yiorgos Petalotis, speaking to reporters, said:
“It is clear that the situation is not as it should be, but we are clearly dismissing debt restructuring and sticking to our goals, which have already begun to bear fruit”.
Commenting on a Financial Times report regarding a debt restructuring by the country, Petalotis said “we are used to foreign press reports being unfair to the country..."
He added that a six-month T-bill auction was successful and stressed that speculation of huge interest rates - which could surpass 5.0 percent or 6.0 percent - again failed to materialise.
Petalotis said higher participation by foreign investors in the auction was evidence of increased confidence to the country, which was gradually regaining its international credibility.
The government spokesman said a discussion over extending the period of repaying the EU/IMF loans was expected to be held in January or February and noted that the euro-bond was a very significant decision, very complex and several variables and underlined that this was a case promoted by the Greek Prime Minister and has taken European-wide dimensions.
(ANA)
