Showing posts with label Debt relief. Show all posts
Showing posts with label Debt relief. Show all posts

Friday, February 3, 2017

Germany's Gabriel condemned Berlin's handling of Greece in letter: report

Thu Feb 2, 2017 | 3:31pm EST

Reuters

German Foreign Minister Sigmar Gabriel criticised the German government's handling of Greece in a letter he wrote to Chancellor Angela Merkel last month, a newspaper reported on Thursday.

Handelsblatt newspaper said Gabriel - who swapped the Economy Ministry for the Foreign Ministry last week - had expressed his "great concern" about the talks on Greece's financial rescue and thought the government in Berlin should play a "more constructive role".

Germany wants the International Monetary Fund (IMF) to have a stake in Greece's bailout to give the rescue plan greater credibility, but also opposes granting Athens significant debt relief. The IMF says it will only join in if this rescue is the country's last and it includes significant debt relief.