RPT-Germany stresses outcome over method in Greek deal
Thu Jun 16, 2011 3:31am EDT
(Repeats to additional subscribers without changes)
BERLIN, June 16 (Reuters) - The German government stressed on Thursday that the aim was to get private creditors involved in a second bailout for
Greece,
with a government source saying what mattered was the outcome rather than the methodology.
"
What matters is the outcome, not how we get there," said the source, when asked about a report that Germany would no longer insisting on a bond swap that would extend Greek debt maturities by seven years.
The Financial Times newspaper, citing officials in Berlin, said Germany believed the urgency of
"bailing in" private holders of Greek debt had diminished because the International Monetary Fund had signalled it was ready to support disbursement of the next 12 billion euro aid tranche to Greece.