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November 26, 2012

Germany's Ongoing Refusal to Forgive Greek Debt

Der Spiegel, Der Spiegel

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The International Monetary Fund believes that the only way to reduce Greek debt to a sustainable level is by way of a debt haircut involving the country's government creditors. But with an election approaching, Germany has refused to consider the proposal. Reality is on the IMF's side.

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TAGGED: Greece, Europe, Eurozone, Germany

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