Friday April 25, 2014 Search
Weather | Athens
22o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Merkel, Schaeuble stress opposition to new Greek haircut

German Chancellor Angela Merkel and her Finance Minister Wolfgang Schaeuble have underlined their opposition to a new Greek haircut immediately after German general elections in September but have indicated that further support for Greece could be on the cards in 2014.

In an interview with the Maerkische Oderzeitung and Sudwest Presse, Merkel stressed that she did "not see" the possibility of a new haircut for Greek debt, emphasizing however that the German government supported Greece's difficult economic reform effort.

According to Merkel, a second haircut for Greek debt would be a multi-billion-euro burden for eurozone partners.

Schaeuble struck a similar note in an interview with German mass daily Bild, describing last year's write-down of Greek debt as "a one off."

"Whoever questions this must realize what they are doing," he said. "No investor would put money into European state bonds," he warned, adding that eurozone finance ministers would next year examine the possibility of extending further aid to Greece.

Schaeuble added that the Greek economic reform program has been designed to allow Greece to begin servicing its debt independently by 2020. "Until then the government in Greece must honor its commitments. Noone else can undertake Greece's obligations," Schaeuble said. "I know how hard it is for the people," he added.

ekathimerini.com , Friday Jul 12, 2013 (11:36)  
Ellaktor lands major Doha metro project
World seeks produce from Greece
Eurobank opens book for capital increase
Govt presents its growth model for the coming years
Papandreou under fire from coalition MPs over plans for joint appearance with Kouvelis
Plans by former prime minister George Papandreou to appear at an Athens book launch on Monday with Fotis Kouvelis, the head of Democratic Left (DIMAR) who quit the current ruling coalition l...
Veteran leftist Glezos, 91, says standing in Euro elections out of duty
Manonlis Glezos, a veteran SYRIZA MP and World War Two hero, said on Friday that he is standing in European Parliament elections next month out of duty despite his age of 91. "In the dismal ...
Inside News
SOCCER
4,000 officers to police Greek Cup final
Police says it will ban mass gatherings in central Athens amid heavy security measures planned for Saturday's Greek Cup final between Panathinaikos and PAOK at the Olympic Stadium. More than...
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Inside Sports
COMMENTARY
At the mercy of fools
The death of a young man at an Easter lunch in a village near Rethymno on Crete and the very serious injury of an American guest at a Resurrection ceremony on Santorini must not be forgotten...
COMMENTARY
Putting the party above the country
The case of Sabiha Suleiman, the Roma activist whose candidacy for the European Parliament was announced by SYRIZA only to be withdrawn shortly afterward, is an illustration of the leftist o...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Papandreou under fire from coalition MPs over plans for joint appearance with Kouvelis
2. Veteran leftist Glezos, 91, says standing in Euro elections out of duty
3. Ellaktor lands major Doha metro project
4. World seeks produce from Greece
5. Eurobank opens book for capital increase
6. Govt presents its growth model for the coming years
more news
Today
This Week
1. Ellaktor lands major Doha metro project
2. Veteran leftist Glezos, 91, says standing in Euro elections out of duty
3. Papandreou under fire from coalition MPs over plans for joint appearance with Kouvelis
4. Putting the party above the country
5. Three missing from cargo ship that went down off Crete
6. Central Athens cleanup a sign of Greece's turnaround
Today
This Week
1. Greece startup leaders say they cant break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Putting the party above the country
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.