in ,

Angela Merkel ready to talk debt relief…confident that the IMF will join the latest Greek bailout

Is Germany signalling that it’s ready to cut the Greek debt?

Via Bloomberg…

In her first public comments since euro-area finance ministers backed the 86 billion-euro ($96 billion) package, Merkel praised Prime Minister Alexis Tsipras’s administration for changing tack after a “real confrontation” with Greece’s creditors. Greece must now keep up its “intensity of work” in the same direction, she said.

“We said in July that maybe — no, not maybe — there is still leeway on the extension of maturities, on interest rates,” Merkel said in an interview on Germany’s ZDF television. “One can do more in certain ways. But it’s also clear that within the euro zone there can be no haircut, no reduction in debt.”

IMF pressure for lowering Greece’s debt load and Merkel’s insistence that the fund provide part of the third bailout is placing the chancellor in a dilemma. German lawmakers, who will vote Wednesday on approving the aid package, have pressed for a clear commitment by the IMF.

IMF head Christine Lagarde has “made it very clear” that she will advocate “that the IMF joins the program in October,” if conditions including debt relief are met, Merkel said. “And I have no doubt that what Mrs. Lagarde said will then become reality.”

References:

http://www.bloomberg.com/news/articles/2015-08-16/merkel-flags-debt-relief-for-greece-to-secure-imf-role

Liked it? Take a second to support The Duran on Patreon!

Report

What do you think?

9
Leave a Reply

avatar
9 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
trackback

ccn2785xdnwdc5bwedsj4wsndb

[…]just beneath, are various entirely not related sites to ours, nevertheless, they are surely worth going over[…]

trackback

xcmwnv54ec8tnv5cev5jfdcnv5

[…]although websites we backlink to below are considerably not associated to ours, we really feel they’re in fact really worth a go by means of, so possess a look[…]

trackback

Title

[…]Here are several of the web sites we recommend for our visitors[…]

trackback

Title

[…]here are some links to web pages that we link to for the reason that we feel they may be worth visiting[…]

trackback

Title

[…]below you will find the link to some websites that we consider you must visit[…]

trackback

Title

[…]the time to study or visit the material or web pages we have linked to beneath the[…]

trackback

Title

[…]the time to study or go to the content material or web-sites we’ve linked to below the[…]

trackback

Title

[…]here are some links to web pages that we link to due to the fact we feel they may be really worth visiting[…]

trackback

Title

[…]usually posts some quite fascinating stuff like this. If you’re new to this site[…]

Angela Merkel ready to talk debt relief…confident that the IMF will join the latest Greek bailout

Bernie draws large crowds of supporters. Hillary draws government subpoena’s and FBI agents