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E.Tsiliopoulos

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PM, EU officials, praise Greece at EU presidency ceremony

Samaras and Barroso both sought to strike an upbeat note at an official ceremony for Greece’s assumption of the European Union’s Presidency emphasizing the country’s progress and playing down the fragility of Samaras’s government.

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."