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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."

  • Published in Greece

Lagarde Says Greek Restructuring Was Timely

IMF chief Christine Lagarde denied that the Fund had erred in the time it proposed for restructuring the Greek debt, essentially refuting a report issued by the IMF at the beginning of summer, which said the decision had been delayed.

  • Published in Greece
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