Stretching out the repayment of Greece’s outstanding debt, beyond its EU/IMF bailout loans, could help the overborrowed country emerge from its debt crisis, its deputy prime minister said Monday.

“I do not believe in haircuts but in extending the repayment period on debt,” Deputy Prime Minister Theodore Pangalos told Skai TV’s New Files show.

“Debt repayment extension may refer not only to the 110 billion euros (of emergency EU/IMF funding) but the entire debt,” he said.