2 Feb 2015
Merkel rules out further Greek debt relief – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares that both Merkel and EU Commission’s Juncker oppose any further debt relief for Greece.
Key Quotes
“Greek PM Tsipras expressed to ECB's Draghi his new govt would like to achieve a mutually beneficial solution for Greece situation, but Chancellor Merkel in a German press interview said she does not see another Greek debt cut.”
“Merkel added "there has already been voluntary debt forgiveness by private creditors, banks have already slashed billions from Greece's debt”.”
“Greek Fin Min Varoufakis travelled to meet with French Fin Min Sapin ahead of schedule, stating Athens aims to send detailed reform program by the end of February and agree on new debt deal by the end of May, calling for a new social contract between Greece and EU.”
“European Commission Pres Juncker seemed to be supportive of reforming Troika and ending the humiliating visits by lending inspectors, but also expressed opposition to granting a "haircut" for Greek creditors.”
Key Quotes
“Greek PM Tsipras expressed to ECB's Draghi his new govt would like to achieve a mutually beneficial solution for Greece situation, but Chancellor Merkel in a German press interview said she does not see another Greek debt cut.”
“Merkel added "there has already been voluntary debt forgiveness by private creditors, banks have already slashed billions from Greece's debt”.”
“Greek Fin Min Varoufakis travelled to meet with French Fin Min Sapin ahead of schedule, stating Athens aims to send detailed reform program by the end of February and agree on new debt deal by the end of May, calling for a new social contract between Greece and EU.”
“European Commission Pres Juncker seemed to be supportive of reforming Troika and ending the humiliating visits by lending inspectors, but also expressed opposition to granting a "haircut" for Greek creditors.”