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EU's Rehn does not foresee Greek debt restructuring
January 12, 2011 / 10:40 AM / 7 years ago

EU's Rehn does not foresee Greek debt restructuring

BRUSSELS, Jan 12 (Reuters) - Debt restructuring in Greece or any other euro zone country would have negative consequences and the euro zone does not want it to happen, Economic and Monetary Affairs Commissioner Olli Rehn said on Wednesday.

“Restructuring of Greek debt, or of debt of any other euro area member state, would have such serious negative consequences through the contagion effect that ... we do not want to go (down) that route and we will not have to go (down) that route,” Rehn told an economic conference.

Reporting by Jan Strupczewski, editing by Timothy Heritage

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