German Chancellor Angela Merkel has ruled out on Saturday in an interview to the press a “new erasure” of the debt of Greece. Such erasure is desired by the new Greek Prime Minister Alexis Tsipras.
“There has been a voluntary renunciation of private creditors, banks have already given up billions of claims on Greece,” explained the German ruling in an interview with “Hamburger Abendblatt”. . “I do not see any new debt relief,” said Merkel
In early 2012, Greece had completed a debt exchange operation: private creditors had seen their tracks replaced by other, less profitable. Some 100 billion euros of debt have been deleted.
But the country under international financial assistance since 2010, still reeling under the weight of a debt amounting to 175% of its gross domestic product ( GDP).
Budget orthodoxy
“Europe will continue to show solidarity with Greece as the other countries particularly affected by the crisis if these countries are undertaking reforms and savings measures,” continued the chancellor, a follower of budgetary orthodoxy reject new authorities in Athens
Asked about the first government announcements Alexis Tsipras, such as increasing the minimum wage and hiring officials, Angela Merkel stressed. “We, -to say Germany and other European partners, we expect to see with what concept the new Greek government comes to us. “
Mr. Tsipras, who planned to visit Italy and France next week, wants to renegotiate the debt of his country. But some European leaders, particularly Germany, oppose him an end of inadmissibility and remind Greece to its commitments. No visit to the Greek Prime Minister is currently planned in Berlin
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(TTY / 31.01.2015 10.!: 21) ^ ->
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