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More trouble in euro-land as debt restructuring talks begin



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Between the debt related problems and the new border controls, new Europe is increasingly looking like the old Europe. The Guardian:

Finance ministers from an inner core of eurozone countries were holding secret talks in Luxembourg tonight to discuss a possible debt restructuring for crisis-ridden Greece.

The single currency's leading creditor nations – Germany, France, Finland and the Netherlands – all attended the meeting, called amid concerns that Greece's problems were nearing breaking point.

Sources said negotiations centred on the mounting eurozone debt crisis, and included not just Greece but the terms of Portugal's bailout and Ireland's demands for easier repayment terms on its loans. But they denied reports coming out of Germany that Athens had floated the idea of leaving the single currency altogether.


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