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• Brussels says Greek loan extension ‘media invention’
Date 13/10/2010 13:43  Author webmaster  Hits 1029  Language Global
13 OCT 2010

By Leigh Phillips

EUOBSERVER / BRUSSELS - The European Commission has said there are no ongoing discussions to permit an extension to paying back Greece's €110 billion loan after the Greek finance minister had earlier mooted the idea.

A spokesman for the EU executive on Tuesday dismissed the reports as media flutter, although one Greek economist suggests that the debate is in reality about Brussels, the IMF and Athens preparing the ground - via a debate in the press - for debt restructuring.

"There is no discussion as such and I think even the Greek finance minister has said that there hasn't been such a request. It seems to be a debate through the media about an eventuality that is not on the table," commission economics spokesman Amadeu Tardio told reporters on Tuesday, responding to reports that Athens was considering such a move.

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