Greece says not seeking debt repayment extension

The Greek government denied on Tuesday it would seek to extend repayment of its whole debt, hours after the deputy prime minister spoke in support of the idea of a form of debt restructuring. Theodoros Pangalos, a veteran socialist serving as Prime Minister George Papandreou's number two, told a TV show late on Monday that he believed Greece should extend repayment on its total debt, not just the 110 billion euro IMF/EU bailout.
That would play into fears among investors that Greece sooner or later will be forced to restructure its debt with private creditors despite the international aid. Worries over Greece's ability to service a debt mountain projected to hit 157.3 percent of GDP in 2013, after its EU/IMF emergency funding ends, have kept yield spreads of Greek government bonds over German bunds close to peak crisis levels.