Eurogroup chief Juncker backs 'soft' Greek debt restructure

11th June 2011, Comments 1 comment

Eurogroup head Jean-Claude Juncker backed 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.

© 2011 AFP

1 Comment To This Article

  • Observer1290 posted:

    on 11th June 2011, 22:22:32 - Reply

    Any discussion of the economic crisis which does not include Glass-Steagall is idiotic and futile.