http://noir.bloomberg.com/apps/news?pid=20601087&sid=aF_k08x18NqU&pos=1
May 6 (Bloomberg) -- European finance officials are meeting in Luxembourg for an unscheduled session that may address proposals for restructuring Greek debt, said two European officials familiar with the situation.
Earlier, Spiegel magazine reported that ministers are convening an emergency meeting after Greece threatened to withdraw from the euro region. Greece rejected the report, according to a finance ministry statement. German Chancellor Angela Merkel’s chief spokesman “categorically” denied that any discussions on a Greek exit were under way. He declined to comment when asked whether officials were meeting tonight.
“A haircut or a restructuring of the debt would not be a disaster,” said Hoyer, a member of the Free Democratic Party, a junior partner in Merkel’s coalition. If Greece’s creditors agreed that talks “would be helpful toward a restructuring of the debt, then of course this would be supported by us.”
-----
SS says
It may be possible that by the end of summer we may see some form of restructuring effort by Greece.
Expect EUR to crash then for sure.
May 6 (Bloomberg) -- European finance officials are meeting in Luxembourg for an unscheduled session that may address proposals for restructuring Greek debt, said two European officials familiar with the situation.
Earlier, Spiegel magazine reported that ministers are convening an emergency meeting after Greece threatened to withdraw from the euro region. Greece rejected the report, according to a finance ministry statement. German Chancellor Angela Merkel’s chief spokesman “categorically” denied that any discussions on a Greek exit were under way. He declined to comment when asked whether officials were meeting tonight.
“A haircut or a restructuring of the debt would not be a disaster,” said Hoyer, a member of the Free Democratic Party, a junior partner in Merkel’s coalition. If Greece’s creditors agreed that talks “would be helpful toward a restructuring of the debt, then of course this would be supported by us.”
-----
SS says
It may be possible that by the end of summer we may see some form of restructuring effort by Greece.
Expect EUR to crash then for sure.
No comments:
Post a Comment