European Economic and Monetary Affairs Commissioner Olli Rehn said giving fiscal relief to Greece by cutting its debt load shouldn’t be a goal of policy makers, saying he preferred other means.
“We’ve already had two rounds of private sector involvement concerning Greece,” Rehn said at a panel discussion in Washington on Thursday. “Personally I do not see that haircuts are either something we should aim for or would be reasonable — rather, the arsenal would be related to the extension of loan maturities and a further reduction of interest rates.”
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