Greek debt restructuring bears high risks: Germany

Reuters News
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Posted: May 26, 2011 12:58 AM
Greek debt restructuring bears high risks: Germany

BERLIN (Reuters) - Any possible restructuring of Greece's sovereign debt was dangerous for the country's solvency, German Finance Minister Wolfgang Schaeuble told business daily Handelsblatt in an interview.

"A debt restructuring scenario bears high risks," the minister said in comments published in the paper's Thursday edition.

"It could result in an immediate maturing of all loans, with the corresponding consequences for Greek solvency," he added.

(Reporting by Christiaan Hetzner)