Merkel prepared to consider Greek losses

Author (Person)
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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 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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