News Headline Summary

EU's Rehn says work is ongoing on Greek debt sustainability

- Cutting Greek loan rates may be one way to sustainability.
- No reason to doubt IMF involvement with Greek bailout.

Update details:

- Overnight, Handelsblatt reported that Eurozone finance ministers will only attempt to close Greece's financing gap to 2014 when they meet in Brussels next Tuesday, instead of finding a solution for as long as 2020 according to a senior European source.
- The financing gap could be realized by lowering interest rates on outstanding debt as well as extending maturities on loans according to diplomats.

Print 08:36, 15 Nov 2012 - Economic commentary - Source: Newswires