Greece rejects debt doubts

GREECE’S finance minister has strongly rejected the idea the country will be forced to restructure its debts, saying that a default would break the eurozone.

On a two-day visit to London, Paris and Frankfurt to convince investors Greece is beginning to recover from its economic crisis, George Papaconstantinou told the Financial Times a Greek default would spark selling in other so-called peripheral bond markets such as Portugal and Ireland.

The minister’s message to investors was backed up by officials from the International Monetary Fund, European Union and the European Central Bank.

One senior IMF official said “no one would benefit from a Greek default”.