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Saturday, January 31, 2015

Germany's Merkel underlines creditors' refusal to consider new debt forgiveness for Greece

by  Associated Press Germany's Merkel says she doesn't see another Greek debt cut Associated Press - 31 January 2015 05:26-05:00 BERLIN (AP) — German Chancellor Angela Merkel is underlining the refusal of Greece's European creditors to consider forgiving part of the debt-ridden country's rescue loans though stressing that Berlin's aim remains to keep Greece in the eurozone. Greece's new government insists it will honor pre-election promises to seek a cut on the country's rescue debt and scrap painful budget measures that were demanded in exchange for the loans. Merkel said in an interview with the daily Berliner Morgenpost published Saturday that Europe will continue showing solidarity with Greece and other strugglers "if these countries undertake their own reform and saving efforts." Asked whether there will be a debt cut for Greece, she replied that Athens already was forgiven billions of euros by private creditors and added: "I don't see a further debt haircut." News Topics: Business, General news, Government and politics People, Places and Companies: Angela Merkel, Germany, Greece, Western Europe, Europe Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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