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WASHINGTON/BERLIN (Reuters) – The International Monetary Fund on Saturday denied a inform in Teutonic entrepot Der Spiegel that it was privately pressing Ellas to restructure its debt.

"As we hit said consistently, the IMF supports the Hellenic government's function of no debt restructuring and its selection to fully service its debt obligations. Any reports claiming otherwise are wrong," an IMF spokeswoman told Reuters.

Without citing whatever sources, Der Spiegel reportable that the IMF had reversed its preceding opposition to the intent of a Hellenic restructuring and today believed digit was necessary soon.

It wrote that senior IMF officials were recommending this to dweller governments because Greece's debt mountain was today roughly one-and-a-half times its period scheme output.

Early in March, IMF dweller Director Antonio author told reporters he was "confident that Hellenic debt is sustainable," adding that the Greeks had made "quite a taste of advancement on their banks" as well.

But since the IMF today believes current measures no individual suffice, it would like to see welfare rates on Hellenic ruler debt lowered, maturities daylong or the amount of capital which Ellas has to move cut, Der Spiegel said.

European governments and the IMF are jointly tributary to and administering Greece's 110 1000000000 euro ($155 billion) bailout, so a split between them on policy could be harmful to Greece's prospects for recovery.

Greek and dweller officials hit daylong insisted that Ellas crapper better without restructuring its debt, and that even discussing a restructuring today would be counter-productive by harmful banks across aggregation and feat fright in markets.

Greek Finance Minister George Papaconstantinou, speech to Reuters at a conference in Italia on Saturday, responded to the Der Spiegel inform by saying: "There is dead no chance of a restructuring of Hellenic debt."

He added, "People (who speech about a restructuring) change to understand that the costs would such outweigh the benefits."

European Commission spokesman Jens Mester said: "All hold measures are in place, and there is no reason today to move intellection of this existence of restructuring Greece's debt."

Der Spiegel reportable that the IMF was still not selection to call openly for a Hellenic restructuring discover of fear this could increase mart pressure on Portugal. Portuguese stick yields hit soared in the terminal individual weeks because investors conceive port haw presently be forced to seek a bailout.

Many investors and analysts conceive an eventual Hellenic restructuring haw be inevitable. Cutting its assign judgement of land on Wednesday, Standard and Poor's cited an "increasing probability that the Hellenic polity module restructure its debt."

Former dweller Central Bank honcho economist Otmar Issing told Der Spiegel terminal month that Greece's ruler debt would hit to be restructured as presently as other euro zone countries were discover of danger.

Before whatever restructuring, however, Ellas haw essay added strategy. Papaconstantinou said on weekday that Athinai might use whatever proceeds from land quality income to acquire back unpaid bonds from the market; since mart prices of its debt hit dropped sharply below grappling value, this could hit the gist of a restructuring in lightening Greece's debt alluviation without requiring Athinai to carry arduous talks with creditors.

(Reporting by Lesley Wroughton, Christiaan Hetzner, Renee Maltezou, Valentina Za and Charlie Dunmore; Writing by saint Torchia; Editing by Ron Askew)

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