Greece May Get Debt Extension, Rehn Says in Urging Unity

Greece is unlikely to win any writedown on debt owed to the euro area and should instead focus on possible relief in the form of longer repayment periods, said Olli Rehn, who helped avert a Greek exit from the European single currency at the height of the financial crisis.

The comments by Rehn, who was European Union economic and monetary affairs commissioner from 2010 to 2014, highlight a top test for any Greek government led by the anti-austerity Syriza party of Alexis Tsipras.