ECB’s Coeure: No more debt restructurings seen for Europe

In an interview with Les Echos, the ECB board member says:

  • ECB’s OMT program is meant to be used and the ECB stands ready to do so
  • Markets no longer betting against the euro
  • Sees slow recovery in 2013

Coeure comments run counter to those of his colleague Coene who this morning expressed a willingness to explore Greek debt forgiveness.

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