ECONOMY

Merkel’s lawmakers open to easing Greece’s financial burden, says German MP

Chancellor Angela Merkel’s lawmakers are open to easing Greece’s financial burden, yet would balk at more leniency for France in meeting deficit-reduction goals, a parliamentary leader of her Christian Democrats said on Monday.

“We already got some relief in the second program” for Greece in terms of maturities, interest rate levels and refunding some of the interest spread, said Michael Meister, one of Merkel’s deputy caucus leaders.

“Within this corridor one can examine whether further parameters can be adjusted,” he said, noting that this wouldn’t be the same as a debt cut.

[Bloomberg]