Greece Should Extend Bailout Loans, Premier’s Adviser Says

http://noir.bloomberg.com/apps/news?pid=20601087&sid=adBucr8kfMn8&pos=5

May 4 (Bloomberg) -- Greece doesn’t need to restructure its debt for now and should only consider an extension of its international loans, said Herakles Polemarchakis, an economic adviser to Greek Prime Minister George Papandreou.

“As far as restructuring pressure is concerned, there is no pressure right now,” he said. “For the medium run, I agree that calculations should be done, but as long as the IMF and the EU support the banks, they pay our debts. I do not think this is an issue to be concerned about.”