The whistlestop tour of European capitals by Greece’s new leaders is finding doors if not wide open, at least ajar. The mood music is still that Greece must honour its debts, that forgiveness is out, but a subtheme is emerging – an acknowledgment that the debt is simply unsustainable and that some accommodation will be necessary. Michel Sapin, France’s socialist finance minister, who met his Greek counterpart on Sunday insisted Greece would have to pay off its debt in full, but spoke of “new contract” for Greece.
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