Economy

xchrom

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18. REPORT: GERMANY RULES OUT 2ND DEBT CUT FOR GREECE

Sat Jul 27, 2013, 07:26 AM

Jul 2013

http://hosted.ap.org/dynamic/stories/E/EU_GERMANY_GREECE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-07-27-06-36-18

BERLIN (AP) -- Germany's finance minister has categorically rejected a second writedown of Greek debt.

Wolfgang Schaeuble told weekly Bild am Sonntag in an interview that Greece would continue to receive support beyond 2014 if needed and provided the country meets the demands of international creditors.

Schaeuble was quoted as saying "it's certain, however, that there will be no second debt writedown for Athens."

Extracts of the interview, to be published Sunday, were released by the paper Saturday and confirmed by the Finance Ministry.

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