Greece debt restructuring undesirable: IMF
An involuntary debt restructuring in Greece is 'undesirable' and the IMF-EU program does not contemplate such a step, an IMF spokeswoman said on Thursday amid talks of a new aid package for Greece.
Everybody agrees that any involuntary debt restructuring or credit event would be undesirable, IMF spokeswoman Caroline Atkinson told a news briefing. What is important is that there should be a sufficient amount of financing on appropriate terms, to fill an expected financing gap, she added.
(Reporting by Lesley Wroughton; Editing by James Dalgleish)
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