ECB officials reject a restructuring of Greece's debt:

05/18/2011 | Bloomberg · Wall Street Journal, The

Officials at the European Central Bank and EU leaders disagree on how to resolve the sovereign-debt crisis. ECB officials ruled out restructuring Greece's debt, an idea that others touted as the way forward. "A Greek debt restructuring is not the appropriate way forward -- it would create a catastrophe," said Juergen Stark, a member of the ECB Executive Board.

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Bloomberg · Wall Street Journal, The

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