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Monday, October 15, 2012

Germany rules out another "haircut" for Greece

German Chancellor Merkel gestures as she welcomes European Commission President Manuel Barroso for talks at Chancellery in BerlinBERLIN (Reuters) - German Chancellor Angela Merkel's spokesman ruled out on Monday a further debt restructuring, or 'haircut', for Greece and said Athens must press on with tough economic reforms. "A new haircut is out of the question for the German government," spokesman Steffen Seibert told a news conference. Leading German economic institutes said last week that Greece could not be saved without further debt restructuring. ...



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