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Merkel Signals Greek Write-Off Possible as Buyback Begins
Chancellor Angela Merkel opened the possibility that Germany may ultimately accept a write-off of Greek debt, as policy makers this week attempt to engineer a buyback that’s crucial for Greece to receive more funding. With Greece announcing bids today to repurchase bonds issued earlier this year, Merkel told Bild newspaper yesterday that euro leaders might consider writing off debt once the country has a budget surplus. Germany has until now ruled out such a scenario as violating European Union treaties. “If Greece one day can rely once again on its own revenue, without having to borrow, then we’ll have to look ... (full story)
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- iqyu5an
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Carbon-Dioxide: the gas of life!
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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