April 15, 2011 / 1:05 PM / 6 years ago

Greek debt restructuring no disaster -German dep minister to BBG

1 Min Read

BERLIN, April 15 (Reuters) - A restructuring of Greek sovereign debt would not be a disaster, a senior German government figure was quoted as saying by Bloomberg on Friday.

Germany would back a voluntary Greek debt restructuring, said Werner Hoyer, one of Germany's deputy foreign ministers and a member of the junior coalition party Free Democrats (FDP).

"A haircut or a restructuring of the debt would not be a disaster," he was quoted as saying.

If Greece's creditors agreed that talks with Athens "would be helpful toward a restructuring of the debt, then of course this would be supported by us," Hoyer was quoted as saying.

Reporting by Christiaan Hetzner; editing by Thomas Atkins/Ruth Pitchford

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below