Spanish Debt 'Too Big to Restructure' – IIF
MOSCOW, May 31 (RIA Novosti) -- Spain's sovereign debt load is too big to restructure with the help of private investors, MarketWatch business news wire reported on Thursday citing Institute of International Finance (IIF) Managing Director Charles Dallara."[Debt restructuring for Spain] is not desirable, not feasible, and also not necessary. The Spanish economy is much too big for a [private sector involvement]," Dallara said.
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