Allianz’s Achleitner Suggests Voluntary Swap for Greek Bonds

Allianz SE finance head Paul Achleitner suggested a voluntary swap of Greek bonds to enable the country to better pay its bills.

“I’m not opposed to a restructuring of Greek debt, but it has to be done on a voluntary basis,” Achleitner, 54, told German newspaper Financial Times Deutschland in an interview. His comments were confirmed by Michael Matern, a spokesman for Allianz, Europe’s biggest insurer.