Merkel: New haircut of Greek debt ‘not necessary’

12:07 3/7/2013 - Πηγή: Matrix24

However, Merkel did not answer the query of what will happen if the International Monetary Fund (IMF) insists that the Greek debt should be reduced in order to continue to participate in Greece’s support programme.

Asked whether Europe could continue to support a fiscal adjustment programme for Greece without the IMF, Merkel replied that “Greece has moved forward thanks to Prime Minister Antonis Samaras’ government, which has a strong focus on reforms” and added, “I am certain that the Greek debt will continue to be sustainable”.

source: AMNA

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