European officials have conceded that Greece may have to restructure its debt as part of a second bail-out package to shore up the Mediterranean nation and stave off a crisis in the euro.
A "reprofiling" or "soft restructuring" of bonds held by private investors, defined as a voluntary loan "extension", was floated by Jean-Claude Juncker, Luxembourg's prime minister and president of the eurozone finance ministers, after a Brussels meeting.
A "reprofiling" or "soft restructuring" of bonds held by private investors, defined as a voluntary loan "extension", was floated by Jean-Claude Juncker, Luxembourg's prime minister and president of the eurozone finance ministers, after a Brussels meeting.
