Friday, April 22, 2011

Greeks 'planning debt restructuring'

April 22, 2011

Greece is considering ways to restructure its debt – such as by extending the life of its loans – two national newspapers claimed on Friday, joining a flurry of recent reports on the prospect that Athens might be forced to default.

Greek and EU officials have steadfastly denied a debt restructuring is planned in the face of mounting evidence that markets are factoring one in.

Detectives from Interpol are expected to interview Citigroup trader Paul Moss on Friday about an email he sent on Wednesday about a rumoured restructuring which Greek officials claim sparked a share sell-off in Athens.


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