Monday, April 18, 2011
Finance Minister George Papaconstantinou traveled to Washington, over the weekend, to take part in the spring meetings of the International Monetary Fund and the World Bank. On the sidelines of the meetings, Papaconstantinou held private talks with IMF Managing Director Dominique Strauss-Kahn.
"The pain and cost of restructuring would be bigger than the benefits, and thus [...] it is not the position of the Greek government" Papaconstantinou told to reporters, adding that "public discussion about this matter does not help the country."
Echoing remarks by Dominique Strauss-Kahn, IMF European director Antonio Borges firmly ruled out debt restructuring as an option for Greece.
