Schaeuble signals Greek debt restructuring might be only option

06/7/2011 | Irish Times (Dublin), The · Barrons.com

German Finance Minister Wolfgang Schaeuble said in a leaked letter that there might be no practical alternative to restructuring Greece's debt. "We are standing before the real risk of the first full-blown bankruptcy inside the eurozone," he wrote to European Central Bank President Jean-Claude Trichet. Schaeuble said private-sector bondholders could have to wait an extra seven years for repayment.

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Irish Times (Dublin), The · Barrons.com

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