June 1, 2011 / 9:08 AM / 8 years ago

Euro zone cbanks softening on Greek debt extension-FTD

FRANKFURT, June 1 (Reuters) - Euro zone central banks are softening their opposition to extending Greece’s debt maturities if investors agree to it voluntarily, the Financial Times Deutschland (FTD) reported on Wednesday citing unnamed sources.

The newspaper said the central banks were no longer ruling out such a move, but added that it was not yet clear whether there was unanimity on the issue.

The ECB, under whose wing the euro zone’s 17 national central banks sit, has said it is strongly opposed to a Greek restructuring, including the lengthening of bond maturities.

On Tuesday, outgoing Executive Board member Gertrude Tumpel-Gugerell said in an interview with Reuters that the bank would not soften its stance on the issue. (for story click [ID:nL9E7FB019])

Reporting by Marc Jones; editing by Patrick Graham

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