European Central Bank rules out Greek debt restructuring
Vittorio Hernandez – AHN News Lagonissi, Greece (AHN) – The European Central Bank rejected on Wednesday a proposal to restructure Greece’s debt. ECB Executive Board Member Juergen Stark said a Greek debt restructuring would only create a catastrophe because the move would damage the banking system. Lorenzo Bini Smaghi, another ECB board member, said the [...]
