European Central Bank Governing Council Member Christian Noyer: Greece’s debt held by the central bank cannot be restructured

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6 July 2015

European Central Bank Governing Council Member Christian Noyer: Greece’s debt held by the central bank cannot be restructured

The European Central Bank (ECB) Governing Council Member Christian Noyer said on Monday that Greece's debt held by the central bank cannot be restructured.

"Greek debt held by the Eurosystem is debt that cannot by its very nature be restructured because that would be monetary financing of a state," he said.

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Head of the Eurogroup Jeroen Dijsselbloem said on Monday that the vote “No” makes negotiations more difficult, but Greece should be kept in the Eurozone

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