ECONOMY

Schaeuble plays down IMF’s demand for Greek debt relief, report says

German Finance Minister Wolfgang Schaueble has reportedly doused any expectations of major debt relief for Greece in the future despite the International Monetary Fund calling on the eurozone this week to examine the matter with some urgency.

The eurozone agreed in December that should Greece meet its fiscal targets next year, a further reduction of debt but German newspaper Handelsblatt reported on Friday that Schauble told the German Parliament’s budget committee member states had not agreed to a haircut.

The newspaper also reported that Germany’s Finance Ministry was angered by the IMF’s statement on the issue.