Asmussen against write-down

A write-down on Greek debt should not be part of the country’s next rescue package, European Central Bank board member Joerg Asmussen told Germany’s Bild newspaper ahead of today’s Eurozone group meeting.

“We need a package of measures to close the financial gap that will include a substantial reduction of the interest rates and a debt buy-back by Greece,” Asmussen said in an interview to appear today.