BUSINESS

ECB board member rebuffs talk of new Greek debt restructuring

A new restructuring of Greece’s debt is not being discussed by its international lenders though fresh discussions on the sustainability of Athens’s debts are likely later this year, a European Central Bank board member said.

“Is a new restructuring being discussed? No, it is not being discussed because the agreement in the Eurogroup and with the IMF is that the discussion on debt sustainability will come later in 2014,” ECB Executive Board member Benoit Coeure said.

[Reuters]

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