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Survey Shows Germans Do Not Believe in Greek Bailout Deal

greece_germany_euGerman financial newspaper Handelsblatt conducted a survey on the Greek bailout deal that yielded results demonstrating negative perceptions from German citizens toward the deal.
The Greek Parliament ratified the third bailout deal with international creditors on Friday morning. The Eurogroup will convene later on Friday afternoon to approve the draft agreement.
According to Handelsblatt’s poll, 84% of 1,002 respondents do not believe that the reforms will be implemented successfully. Moreover, 57% disagree with a third Greek bailout to begin with.
At the same time 47% agreed with German Finance Minister Wolfgang Schaeuble‘s stance during the early July negotiations with Greece, as opposed to a 45% approval for German Chancellor Angela Merkel’s positions.
The sustainability of the Greek debt has become a contentious matter in the past few months with the International Monetary Fund (IMF) unequivocally supporting a debt haircut.
However, the survey showed that 57% of German citizens are opposed to such a haircut  and are therefore in line with their government’s firmly established position.

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