November 26, 2012
Germany's Ongoing Refusal to Forgive Greek Debt
Der Spiegel, Der Spiegel
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.
TAGGED: Greece, Europe, Eurozone, Germany