Germany could agree to an extension of the repayment of European Union loans to Greece provided private creditors also agree to an extension, Lars Feld, an adviser to Chancellor Angela Merkel, was quoted as saying by Real News in an interview.
Feld said Greece should actively pursue a strategy in which other creditors extend the maturities of Greek sovereign bonds, the Athens-based newspaper reported today. Germany won’t agree to reduce interest rates on the loans under the EU-led 110 billion-euro bailout ($153 billion) as Greece has already received relatively favorable terms, Feld was cited as saying.
Markets will appreciate a longer repayment time, the newspaper quoted Feld as saying. Greece leaving the euro and adopting the drachma isn’t an option, he said.
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