Germany's Merkel Wants To Give Greece More Time To Repay Aid
First Published Thursday, 10 March 2011 02:22 pm - © 2011 Need to Know News
BERLIN (MNI) - German Chancellor Angela Merkel supports giving Greece more time to repay the loans granted under a joint European and IMF aid program.
"Greece has to overcome the consequences of its heavy fiscal policy mistakes," Merkel told German daily Bild in an interview to be published Friday. "This cannot be done in three years. If we still insisted on that, it would create new turbulence," she warned.
However, Merkel ruled out a restructuring of Greece's debt. "There do not exist any instruments for that," she said.
In the interview, the chancellor again stressed her opposition to the idea of issuing joint eurobonds in the Eurozone. "Eurobonds are and remain the wrong instrument in our view," she said.
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Parole sagge: non esistono strumenti legali per "tagliare" i nostri Bond.
Lo potranno fare solo sulle nuove emissioni (e lo faranno per tutti i titoli emessi in area euro).
Anche se poi ci saranno conflitti maggiori tra nuove e vecchie emissioni ... ma questo lo vedremo più avanti.