Germany Would Back A Voluntary Restructuring Of Greek Debt

German Deputy Foreign Minister said on Friday that a Greek debt restructuring “would not be a disaster”, according to Bloomberg.

Werner Hoyer noted that Germany would back a voluntary effort to ease the country’s repayment terms.

Greece has “done a tremendous job in reforming the country,” said Hoyer in an interview in Berlin. 

“Whether all this is enough, whether the results will be there soon enough, is a different question. We are looking at the economic developments, the fiscal developments in Greece, and we are worried”, Deputy Minister added.

source: capital