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E.Tsiliopoulos

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ESM head rules out restructuring of Greek debt.

In an interview with Germany's Der Spiegel magazine, Klaus Regling - who heads the European Stability Mechanism (ESM), Greece's largest creditor with 133 billion euros in 30-year loans already disbursed at an interest rate of 1.5 percent, is quoted as saying "there will be no debt restructuring."

FinMin: Eurozone late diagnosing Greek problems

Finance Minister Yannis Stournaras, in his reply to the questionnaire by the European Parliament's Finance Committee, that was sent to the Committee on Monday and forwarded to the Greek Parliament, detected failures and the non-timely diagnosis by the eurozone of the Greek economy's problems in the implementation of the first fiscal adjustment programme in 2010.