debt haircut
Economy
SYRIZA Economist: Greece Cannot Recover Without Debt Cut
Greece can never rebound without a generous debt haircut, said Yiannis Dragasakis, SYRIZA's chief economist.
Speaking to Agence France-Presse ahead of Sunday's general elections Greece, Dragasakis said that despite what Greece's creditors say, a debt cut is absolutely necessary in...
Economy
EU: No Debt Haircut, Reforms Must be Implemented
The bailout program must continue with all reforms implemented and there will be no debt writeoff, said Greece's European partners ahead of the crucial elections on January 25th.
Pierre Moskovici, Wolfgang Schäeuble, Jean-Claude Juncker and Christine Lagarde, said essentially the...
Economy
SYRIZA Leader Tsipras: We Demand Debt Haircut
If main opposition SYRIZA comes to power in possible snap election next year, it will demand a reduction in Greece's debt from its bailout program, party leader Alexis Tsipras said earlier today during a financial conference in Athens.
According to the...
Economy
German Economist Proposes Solutions for Greek Debt
The German economist and former member of the European Commission’s Task Force for Greece, Jens Bastian proposes an international summit for the Greek debt, similar to the one organized in 1952, which will link the debt’s “haircut” with certain...
Economy
Bundesbank Chief Dismisses Speculation over New Greek Haircut
Jens Weidman, chairman of the Bundesbank and board member of the European Central Bank (ECB), made it crystal clear that there is no possibility of a further haircut of Greece’s debt. He said that Athens is obliged to make...
Greece
OECD Predicts Greece's Debt Will be 157 Percent of GDP by 2020
The Greek Minister of Finance, Yiannis Stournaras was stunned by the findings of the Organisation for Economic Co-operation and Development’s report concerning the course of the Greek economy. Besides the prediction of further recession (0.4 percent) during 2014 --...