Germany’s Schäuble calls for bond swap on Greek debt

schauble1

Wolfgang Schäuble, Germany's finance minister, has urged the European Central Bank (ECB) to consider provisions to allow bondholders to "swap" their existing Greek government debt.

The central bank has softened its hardline stance against any change in the terms offered to investors in Greek debt, with Jean-Claude Trichet, the ECB president, reported as saying in Montreal on Wednesday that he had some "sympathy" for a Vienna Initiative-style arrangement, whereby investors would be required to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: