German Institute for Economic Research
Economy
German Economist: 50% of the Greek Debt Should be Written Off
“We should probably reduce Greece’s public debt to half, which means 120 billion euros should be written off. This is what the German chief economist, head of the German Institute for Economic Research (DIY) and major government advisor, Marcel...
Economy
Samaras Says The End (Of Crisis) Is Near, But Skeptics Abound
After selling its first sovereign bond since seeking international bailouts four years ago, Greece has shown that it has taken a "decisive step to exit the crisis," Prime Minister Antonis Samaras said the issuance of a five-year instrument for...
Economy
German Institute Says Greece Bankrupt
While Greek Prime Minister Antonis Samaras said austerity has helped put the country on the road to possible recovery and a return to the markets next year, the German Institute for Economic Research (DIW) said Greece's debt is unsustainable...