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{Title} DIKOUS PLAY WITH THESE TERMS, AND GOES OVER.
The 17-member Eurogroup President Jean-Claude Juncker was first reported today in the possibility that Greece may have to restructure its debt.
Speaking at a seminar on the sidelines of the session EU finance ministers, Juncker said it may be necessary to make a soft and restructuring of the Greek debt.
added that the first priority of the government of Greece should be a concentration of 50 billion from the privatization of state assets and use these funds for the repayment of the debt, which reaches almost 150% of Gross Domestic Product (GDP).
In return, said Juncker, may be considered a form of debt restructuring.
“If Greece makes all these efforts, then we see if they can move into a mild Greek debt restructuring.
strictly oppose a major restructuring of the Greek debt,” he said, referring first to such a possibility from the start of the debt crisis in the euro area 18 months ago.
The statement Juncker marked a significant change in official comments on the situation in Greece, although other factors wonder whether such a decision is correct or even applicable.
French Finance Minister Christine Lagarde said in Monday night that “the restructuring, reform – is off the table” after the statement Juncker on a “reform” of the Greek debt, one way to be lengthening the term of repayment of loans without major restructuring.
B.G.
Pinch TV
17-5-2011
