Bloomberg News

Euro Group Discussing ECB Role in Greek Debt Deal, Guindos Says

February 17, 2012

Feb. 17 (Bloomberg) -- Spanish Economy Minister Luis de Guindos said the euro group will discuss on Feb. 20 how the European Central Bank may participate in the agreement to reduce Greece’s debt-to-GDP ratio.

“One of the possibilities to reduce that debt ratio was for the ECB to take part in the adjustment of the bonds it owns, but it’s something we have to discuss on Monday night,” he said in an interview with RNE late yesterday. “There’s nothing finalized but it’s one of the alternatives that’s being considered currently in the euro group.”

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