Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o 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)  
Greek markets plunge as SYRIZA digs in on challenge to austerity
Greek bank debt plummets as investors head for the exit
Increase in minimum salary is left aside for now
Decline in euro rate has exporters eyeing growth in 2015
Greece seeks EU allies but Germany holds firm
Greeces radical new government on Saturday began a search for European allies forits anti-austerity agenda, but German Chancellor Angela Merkel once again ruled out debt relief for Athens. P...
Merkel rejects debt writedown for Greece
German Chancellor Angela Merkel and her finance minister have both ruled out a debt haircut for Greece, rejecting the new Greek government's demand to write off part of its 320 billion euro ...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
SYRIZA must realize that it is now the Greek government, not a party running an election campaign, European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece seeks EU allies but Germany holds firm
2. Greek markets plunge as SYRIZA digs in on challenge to austerity
3. Greek bank debt plummets as investors head for the exit
4. Merkel rejects debt writedown for Greece
5. US to work closely with Greece and EU to resolve differences, says White House
6. Panathinaikos preserves perfect home record
more news
Today
This Week
1. US to work closely with Greece and EU to resolve differences, says White House
2. Merkel rejects debt writedown for Greece
3. Greek bank debt plummets as investors head for the exit
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
6. Why Greece went left while Europe turns to right
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. EU must accept that Greek debt relief is inevitable
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.