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IMF's Lagarde says public sector may need to take part in Greek debt restructuring
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Greece's public sector creditors may need to participate in a restructuring of its debt if a haircut negotiated with private sector bondholders is not enough to make Athens' debt sustainable, IMF Managing Director Christine Lagarde said.
"The balance between the participation of the private and the public sector is a concerning question," Lagarde told journalists in Paris on Wednesday.
"If the level of Greek debt held by the private sector is not sufficiently renegotiated, then public sector holders of Greek debt should also participate in the efforts," she said.
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