Merkel prepared to consider Greek losses

Chancellor Angela Merkel said Germany would be prepared to consider forgiving Greece some of the emergency loans it has received from the eurozone once the debt-saddled country’s budget tips into surplus.

'If Greece one day handles its revenues again without taking on new debt, then we must take a look at the situation and assess it,' the Chancellor told Germany’s Bild am Sonntag newspaper on the 2 December 2012, although she stressed this was 'not going to happen before 2014-2015', even if Greece’s adjustment programme was on track.

ESO: Background information: Euro-ministers and IMF in third attempt to agree on Greece http://www.europeansources.info/record/euro-ministers-and-imf-in-third-attempt-to-agree-on-greece/

Deutsche Welle, 01.12.12: Opinion: Solidarity with Greece carries heavy price http://www.dw.de/opinion-solidarity-with-greece-carries-heavy-price/a-16419453

Deutsche Welle, 30.11.12: German parliament approves fresh bailout money for Greece http://www.dw.de/german-parliament-approves-fresh-bailout-money-for-greece/a-16418013

Spiegel Online International, 30.11.12: German Parliament Rubber Stamps Aid for Greece http://www.spiegel.de/international/germany/german-parliament-votes-to-approve-new-greece-aid-package-a-870259.html

Kathimerini, 02.12.12: Merkel does not rule out Greek 'haircut' in coming years http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_02/12/2012_472550

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