“We can imagine an indirect reduction in the value of the debt” - ECB’s Noyer

FXStreet (Mumbai) - Speaking to the lower house of the French National Assembly today, Bank of France Governor and European Central Bank (ECB) Governing Council member Christian Noyer said that Greece's debt problems could be solved by a rescheduling of repayments or lower interest rates.

Noyer stated, "I think that a solution will be - we have time for that - to take action on the spread of payments as was already done,"

"We can also take action on the interest rate which was reduced to 1.5%... We can imagine an indirect reduction in the value of the debt through these parameters."