Schaeuble to visit Athens on July 18

German FinMin dismisses prospect of new haircut

German Finance Minister Wolfgang Schaeuble on Wednesday ruled out the possibility that owners of Greek debt might be forced to take additional losses on their holdings, announcing that he plans to travel Greece next month.

“We have said we will not do another haircut like this,” Schauble told a news conference.

The German finance minister said that he had been invited by his Greek counterpart Yannis Stournaras to visit Athens on July 18.