Come debt relief for Greece? – Tagesschau.de

a haircut, it will probably not be – but the creditors are obviously after the referendum ready to meet the Greeks in a different way. The voices are increasing who want to give the Greeks the facilitation of the debt burden – if the reform list of Athens not disappointed.

Dealing with the Greek national debt is still the core of the dispute over the fate of the country in the euro zone – and the positions are apparently far apart: The first variant is a haircut, the Greek Government asks. Prime Minister Alexis Tsipras continues to urge that at the forthcoming summit debt relief should be part of a solution to the crisis in his country. So Greece would simply repay less debt.

The federal government such a debt haircut for Greece, however, vehemently opposes. “A classic haircut is not an option,” said German Chancellor Angela Merkel on her Balkan tour in Sarajevo

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relief by restructuring

It looks better for the proposal to restructure “text Small” the Greek debt. Through longer terms and lower interest rates, the current situation would improve for Greece – without the debt or a part of it would have to be adopted. In the long run, the creditors could then get their money back.

This relief IMF Director Christine Lagarde had already demanded. Only in this way could rescue work: “We assume that a restructuring of debt in the specific case of Greece is needed to achieve debt sustainability,” she said. This analysis has not changed. The IMF had already called for last week facilitation of the Greek debts totaling about 350 billion euros.

In its updated World Economic Outlook, the IMF concluded an economic recovery in the euro zone – despite the Greek crisis. 2015 amounts to growth in the countries with the common currency by 1.5 percent, 1.7 percent in the coming year. The IMF stressed, however, the crisis in Greece could be “much worse impact” than previously thought, and urged “timely political action” to prevent this

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support for relief of debt burden

In addition to the restructuring of the debt is always a debt restructuring talks. This term is used in a similar part as the restructuring. The Luxembourg Finance Minister Pierre Gramegna made the country so that new hope: “debt restructuring is an issue that perhaps, maybe can discuss in the context of an overall package,” he said in the morning show of common and. But it do not mean a haircut, he explained upon request.

EU Council President Donald Tusk warned on Twitter, the government in Athens to concrete proposals. But in return there must be also a “realistic proposal by creditors for debt sustainability,” Tusk wrote. He stressed that it probably will not go without the facilitation of the already accrued loans

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