CERNOBBIO, Italy, April 2 (Reuters) - Greek Finance Minister George Papaconstantinou ruled out on Saturday a restructuring of Greece's massive public debt.
"There is absolutely no chance of a restructuring of Greek debt," the minister told Reuters on Saturday when asked about a press report that the International Monetary Fund is privately pushing for Athens to restructure its debt soon.
In an unsourced report, German magazine Der Spiegel wrote that high ranking International Monetary Fund officials were recommending to European governments a restructuring of Greece's debt pile.
"People (who talk about a restructuring) fail to undestand that the costs would much outweigh the benefits," the minister added on the sidelines of a business conference in Italy.
(Reporting by Valentina Za; Editing by Ron Askew)