Friday, 19 July 2013

Germany refuses fresh relief for Greeks as debt ratio spirals out of control

By Ambrose Evans-Pritchard

German finance minister Wolfgang Schauble has warned Greek leaders on a heavily guarded trip to Athens not to play with fire by pressing for fresh debt-relief, and brushed aside claims that Greece’s rescue package is falling apart.

“Greece must stop lobbying for a second restructuring of its debt. We have to stick to what has been agreed. Anything else is not in the best interest of Greece,” he said, during a day of political clashes in the capital. “If you take guarantees and then you are discussing a haircut, you are a liar. You will destroy any confidence.”

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