Eurogroup president opposed to new haircut on Greek debt
Eurogroup chief Jeroen Dijsselbloem expressed his strong opposition to a possible new haircut on the Greek debt. Speaking to five European newspapers Dijsselbloem said that “Greece will repay the loans it has received” and that the deletion of the Greek debt, whether from the private or the public sector, would be a “deceptively attractive cure” for the Greek problem.
Unlike the IMF that is pressing for an immediate decision on the viability of the Greek debt, he says there will be no new decisions on Greece before April 2014, the last year for the aid program to the country. “Eurozone is willing to provide additional aid to Greece. There is potential for new aid to Portugal, Ireland and Greece.”
