Merkel prepared to consider Greek losses

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Series Details 2.12.12
Publication Date 02/12/2012
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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.

Related Links
ESO: Background information: Euro-ministers and IMF in third attempt to agree on Greece
Deutsche Welle, 01.12.12: Opinion: Solidarity with Greece carries heavy price
Deutsche Welle, 30.11.12: German parliament approves fresh bailout money for Greece
Spiegel Online International, 30.11.12: German Parliament Rubber Stamps Aid for Greece
Kathimerini, 02.12.12: Merkel does not rule out Greek 'haircut' in coming years

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