The European Commission sought to draw a distinction on Monday between debt restructuring and debt "reprofiling" and said there was no prospect of a Greek restructuring.
The Commission's spokesman on monetary affairs, Amadeu Altafaj, said "reprofiling" did not necessarily involve the same players and did not have the same consequences. He did not elaborate.
Analysts have described reprofiling as akin to rescheduling, with the time for repayment being extended but the value of the debt not being marked down.
It might involve exchanging two-year for five-year debt, for example, thus changing the "profile" of the yield curve and giving the debtor more time to repay.
"Reprofiling is one concept, debt restructuring is a different concept," Altafaj said in response to a question on potential changes to Greece's debt servicing schedule.
"It doesn't involve necessarily even the same players and doesn't have the same consequences," he said, adding that a restructuring of Greek debt, which would be devastating for the country, was "not in the cards."
A source in Germany's ruling coalition said last week EU ministers were talking about "reprofiling" Greece's bailout loans, with the voluntary inclusion of private investors.
http://www.reuters.com/article/2011/05/16/us-eu-greece-reprofiling-idUSTRE74F3J920110516
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Όλα δείχνουν ακόμα περισσότερο ότι εάν είναι να επιχειρηθεί κάτι αυτό θα είναι το "reprofiling".
Μήπως ξέρει κάποιος ποια είναι η σωστή ελληνική λέξη για τον όρο;
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