“There was white smoke,” Greek Finance Minister Euclid Tsakalotos said to reporters, hinting on the elections of the Pope. The negotiations for a technical deal were concluded on all issues, and the way has now been paved for debt relief talks, he added. Greece and its foreign creditors reached a deal on a package of bailout-mandated…
Tag: Greek debt
No bail-in for Greece
“There must not be a bail-in,” Jens Spahn told German broadcaster Deutschlandfunk.Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, Germany’s deputy finance minister said in an interview broadcast on Sunday, reiterating the German government’s opposition to debt relief for Athens. “We think it is very,…
Greek debt dilemma
In Germany a half of citizens are against offering debt relief to Greece and around three in 10 prefer Greeks to leave the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for…
Greece in lethargy of recession
Greece and its international lenders made clear progress towards bridging differences over its fiscal path in coming years, moving closer to a deal that would secure new loan disbursements and save the country from default. “We made substantial progress today and are close to common ground for the (lenders’) mission to return to Athens the…
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