Greece: Merkel excludes “a new erasure” of debt – The Obs

Greece: Merkel excludes "a new erasure" of debt – The Obs

Berlin (AFP) – German Chancellor Angela Merkel has ruled out on Saturday in an interview to the press a “new erasure” of the debt of Greece as 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 loans to Greece,” explained the German ruling in an interview with the 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 debt reached about 175% of its gross domestic product (GDP).

“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 leader, follower of fiscal orthodoxy rejected by the new authorities in Athens.

Asked about the first announcements of the government of Mr. Tsipras such as increasing the minimum wage and hiring officials Angela Merkel said: “We, that is 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 on Tuesday and Wednesday, wants a renegotiation of the huge debt of the country. But he opposes an end of inadmissibility of European leaders who constantly remind Greece to its commitments, especially Germany.

No visit to the new Greek Prime Minister is to the time provided in Berlin.