Nominal Greek debt write-off not needed

13 June 2016
525 Views

European Stability Mechanism (ESM) director Klaus Regling pointed out a nominal haircut of the Greek debt was unnecessary during a conference in Poland.

Regling underlined that European taxpayers had not been burdened by the Greek debt relief of 2012.

‘The previous Greek debt relief in 2012 was in reality a lax in the terms of payments and did not burden European taxpayers’, said Regling.

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