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Germany Calls the Suggestion of Greek Debt Cut 'Divorced from Reality'

Greek Debt BuybackGermany has rejected any suggestion that Greece should be forgiven part or all of the debt to international lenders.

A spokesman for Germany’s finance ministry told reporters on Friday that “the discussion about a debt cut or a debt conference is divorced from reality.”

Martin Jaeger told reporters in Berlin that Greece must abide by the terms of the bailout program agreed by previous governments or that endanger the bailout program.

Jaeger added that “if the measures announced by the new government in Athens were implemented, then one has to ask whether the basis of the program wouldn’t be called into question and therefore pointless.”

The new leftist government in Greece has pledged to Greek people that they will renegotiate the bailout program and demand a generous debt haircut from international creditors.

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