BERLIN (MNI) – The German Finance Ministry on Wednesday repeated
that recent media reports about a looming restructuring of Greek
government debt are unfounded.
Ministry spokesman Johannes Blankenheim reminded that Minister
Wolfgang Schaeuble recently said that these media reports “lack any
foundation — and there is nothing to add to that.”
Government spokesman Christoph Steegmans added that Germany sees
statements by the Greek government that it has no plans for a debt
restructuring as “sufficient and clear.”
On Tuesday, French Finance Minister Christine Lagarde rejected the
idea of restructuring the debt of Greece or any other Eurozone countries
in need of financial aid.
Asked by the Finance Commission of the French National Assembly
about the eventual consequences for France of a mechanism for
restructuring, Lagarde said the very notion is “not anticipated, not
imaginable and not on the agenda.”
“As a result — even if it makes some people smile — there is no
question” of such a mechanism, she added.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
[TOPICS: M$G$$$,M$X$$$,MT$$$$,MFX$$$,MGX$$$]