View full page at forexfactory.com

 

Germany: Talk of axing Greek debt 'divorced from reality'

From bigstory.ap.org

Germany bluntly rejected suggestions that Greece should be forgiven repayment of its rescue loans, as a top eurozone finance official met on Friday the country's new left-wing government leaders in Athens. The radical Syriza party won general elections over the weekend with pledges that included seeking forgiveness of more than half of Greece's the debt, and has already promised to renege on key budget reforms required in exchange for the a 240 billion euro ($270 billion) rescue package. "The discussion about a debt cut or a debt conference is divorced from reality," Martin Jaeger, a German finance ministry spokesman, ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News