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German FinMin: No Greek Debt Cut at Present Time

“At the present time, Germany will not accept any Greek debt reduction,” said a spokesperson for German Finance Minister Wolfgang Schaeuble, speaking to Bild.
The German official also told the German newspaper that Berlin will not accept extending the debt repayment period, neither will accept that the European Stability Mechanism acquires the International Monetary Fund loans to Greece.
The representative of Schaeuble said that on Monday the euro zone finance ministers would examine in detail what the Greek government has voted.
“We welcome the ratification of the measures, it is an important step. At the Eurogroup on Monday we will look in every detail of what the Greek government has voted on. The goal is to close the second evaluation, but we can not prejudge the outcome of a comprehensive agreement, ” the German official said.

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