Schäuble agrees to short-term debt relief measures for Greece

The European Stability Mechanism (ESM) is currently working on a series of proposal for the implementation of agreed-upon short-term debt relief measures for Greece, commented the spokesperson for Germany’s Finance Ministry Dennis Kolberg.

According to a statement Mr. Kolberg made to the Athens-Macedonia News Agency, the Eurogroup agreed to short-term debt relief on the 24th of May. Among those are measures to ensure a low interest rate in the long term.

The German Ministry spokesperson made the comments in response to a recent report in the Handelsblatt on the Greek debt relief.