Wednesday, January 19, 2011

Greece Not Seeking Debt Repayment Extension

Reuters/New York Times
January 18, 2011

Greece is not in talks to stretch out repayment of its entire outstanding debt, a finance ministry official, who requested anonymity, said on Tuesday.

The official was responding to comments by Deputy Prime Minister Theodore Pangalos, who said late on Monday he believed Greece could be helped out of its debt crisis by extending repayment of all outstanding debt but without any haircuts.

"The government has a very specific agenda ... there is preliminary agreement to extend repayment of Greece's EU/IMF bailout loans and that's it," the official told Reuters.

"There is nothing else being discussed, nothing more on extending repayment of all outstanding debt," the official said.

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