The European Commission has excluded the restructuring of Greece’s public debt, which has reached €340 billion ($485 billion).

“Yes, we do exclude restructuring,” European Commissioner for Economic and Financial Affairs Olli Rehn said on Saturday (April 9), following a two-day talk among European Union finance ministers over a bailout deal for Portugal, Agence France-Presse reports.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.