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Support Grows For Lengthening Greek Debt Payback

Support Grows For Lengthening Greek Debt Payback

PARIS/ATHENS (By Paul Taylor and George Georgiopoulos) – Support is gaining ground in the euro zone for giving Greece more time to pay back its EU bailout to avoid default and ease the worst-indebted EU state’s debt burden, although details still have to be pinned down.

German Finance Minister Wolfgang Schaeuble, whose country is pivotal to any solution as Europe’s strongest economy, did not rule out a radical reprofiling of Greek debt in a television interview broadcast on Sunday evening.

“Most market participants expect this problem to be tackled in a responsible way,” Schauble said when asked whether Athens would be forced to restructure its debt.

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