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Athens Macedonian News Agency: News in English, 13-07-03
CONTENTS
[01] Merkel: New haircut of Greek debt 'not necessary'
[01] Merkel: New haircut of Greek debt 'not necessary'
ANA-MPA - German Chancellor Angela Merkel insisted that a new 'haircut'
of the Greek debt will not be necessary, in an interview with Kathimerini
daily newspaper published on Wednesday.
However, Merkel did not answer the query of what will happen if the
International Monetary Fund (IMF) insists that the Greek debt should be
reduced in order to continue to participate in Greece's support programme.
Asked whether Europe could continue to support a fiscal adjustment
programme for Greece without the IMF, Merkel replied that "Greece has
moved forward thanks to Prime Minister Antonis Samaras' government,
which has a strong focus on reforms" and added, "I am certain that the
Greek debt will continue to be sustainable".
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