Saturday, June 11, 2011

Eurogroup chief backs 'soft' Greek debt restructure






 Eurogroup head Jean-Claude Juncker backed on Saturday a "soft restructuring" of Greece's debt with a voluntary contribution from private-sector creditors, as Germany wants.

"There will be no total restructuring," he told a German radio station. "The governments are agreed on that, ECB support for such an option could not be obtained."
"There must be a soft and voluntary restructuring," Juncker added.



AFP