Saturday, May 7, 2011

Greek Debt Talks Widen Divisions

Saturday, May 7, 2011

BERLIN—Divisions in the euro zone are deepening over how to handle Greece's suffocating debt burden, with German officials open to a voluntary restructuring of Greek bonds but a majority of euro-zone policy makers fearful of the consequences.

Europe's line has been that Greece will slash its outlays and repay all of its debts. But investors and, in private, some European governments increasingly doubt the country can. In that case, Greece will need more aid and, many believe, will have to restructure its debts.

The debate in the euro zone is about whether and how to restructure. German officials believe Greece ...

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