DAVOS-Greek finmin: No deal for China to buy debt, will visit

DAVOS, Switzerland | Thu Jan 28, 2010 6:26am EST

DAVOS, Switzerland Jan 28 (Reuters) - Greek Finance Minister George Papaconstantinou said on Thursday there was no deal for China to buy Greek bonds and Athens was still "overwhelmingly" looking to Europe.

"I will be going to China at some point. There is absolutely no deal and no demands have been on the Chinese authorities," Papaconstantiou told CNBC from the World Economic Forum in Davos.

He called it "completely ludicrous" to talk of China bailing out Greece.

Greece on Wednesday denied media reports it had chosen Goldman Sachs (GS.N) to sell up to 25 billion euros ($35 billion) of bonds to China.

"Any country that is seeking to fulfill a 54 billion euro borrowing requirement is exploring all possible avenues. Overwhelming it will be in European markets. It could be U.S. markets. It could Asian markets. That's just a diversification that makes perfect sense," Papaconstantinou said. (Writing by Mike Peacock)

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