Belgium FM Says a Greek Debt Restructuring Would Be Catastrophic

A Greek debt restructuring would be catastrophic for all of the Eurozone, Belgian Finance Minister Didier Reynders said on Monday. “What is needed is a clear plan from the Greek government,” Reynders told reporters as he arrived for the Eurogroup meeting here.

“We need a clear commitment from the Greek government. On that basis, the European Union, with the IMF, can work together” on a solution, he continued. The first step is for Greece “to come with a complementary program. Then we will see if there is really a willingness” on the part of Greece. – iMarketNews