Germany is considering dropping its push for an early rescheduling of Greek bonds in order to facilitate a new package of aid loans for Greece, the Wall Street Journal reported, citing people familiar with the matter.
Berlin's concession that it must lend Greece more money, even without burden-sharing by bondholders in the short term, would help Europe overcome its impasse over Greece's funding needs before the indebted country runs out of cash in mid-July, the Wall Street Journal's online edition said.
Currency traders said the article gave a lift to the euro, which has been hobbled by worries about the possibility of a debt restructuring by Greece. The euro rose 0.4 percent on the day to $1.4338.
REUTERS
