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Mr. Juncker then referred Tuesday to a "soft restructuring of Greek debt".
"I'm opposed to soft restructuring because I don't know what it means.
EU ministers must decide whether to approve a "soft restructuring" of its debt, by allowing it to reschedule some repayments.
What is likely is a kind of soft restructuring, in which Greece will be given more time to pay its loans.
Yet by the time the ministers emerged, after midnight, from their meeting, Jean-Claude Juncker, head of the euro group, confirmed that a soft restructuring was a prospect.
The European Central Bank, which holds up to €50 billion in Greek sovereign bonds on its own books, has warned that even a "soft restructuring" would put the stability of the euro zone at risk.
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Behind the scenes Germany has been pushing for Greece to "reprofile" its debt a soft form of restructuring that would leave principal and coupon payments intact but extend bond maturities.
Byung-Woog Byung-Woog Leer of the Federation of Korean Indirector, a club of the biggest chaebol, gives warning that, under the new combined accounting, leverage could still be more than 400%.But it is the soFederation of Korean Industries are proving the bigger clublenge.
While the agreement for as much as 60 billion euros ($86 billion), would in theory address Greece's need for cash this year and next, it puts off for the time being a restructuring, hard or soft, of Greece's huge debt burden.
In stocks, Coca-Cola Co. says its quarterly profits fell, blaming restructuring charges and soft sales in North America, while Fox Entertainment Group says the solid performance of its Fox News unit allowed it to improve its quarterly earnings.
But European governments do not appear to be united behind the idea of a restructuring, no matter how soft it is.
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