The French economy minister, Emmanuel Macron, was pessimistic Wednesday on the possibility of concluding an agreement in the short term on a Greek debt relief. After the compromise reached Monday between Greece and its creditors on the opening of negotiations for a third aid plan in Athens, the International Monetary Fund said Tuesday that Greek debt was not sustainable, which means that creditors cancel it or they give him a grace period of 30 years, said a member of the institution.
“The agreement does not purge the subject of intellectual debt,” said Emmanuel Macron during a press conference at the Ministry of Economy. “Theoretically, I do not think in the long term this debt level is possible (…) politically and realistically, it is impossible in the short term to have an agreement on the subject.” “It was in this short-term agreement managed to put the issue of debt on the table, it is a step forward, but we have not finished with this issue, “the minister added.
According to him, rebind will take confidence in the euro area and improve its operation to consider a long-term approach to the problem. “In addition to the agreement that was reached, it is necessary that we can redefine the ways to restart the Greek economy, that does not allow the agreement at this stage,” said Minister Economy.
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