Greek restructuring not on table

The consequences of a Greek debt restructuring could be "catastrophic", European Council President Herman van Rompuy said in an interview, again ruling out such a move. His comments are the latest in a series of denials by senior Greek and European economic officials that a debt restructuring could be in the offing as Greece has struggled to right its public finances.
"The result of a restructuring could really be catastrophic," van Rompuy told France's TV5 Le Monde. "A restructuring of Greece's debt is not on the table."
"The negative consequences (of a restructuring) are much more significant than the positive ones," he added.