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Germany Rejects Notion Of Greek Debt Write-off - Yahoo News

"The discussion about a debt cut or a debt conference is divorced from reality," Martin Jaeger, a German finance ministry spokesman, said in Berlin. Jaeger said Greece was obliged to abide by the terms of its 240 billion euro ($270 billion) bailout program agreed by previous governments or endanger the deal. Without the rescue loans from its fellow eurozone countries and the International Monetary Fund, Greece would go bankrupt. "If the measures announced by the new http://colezqmc.postbit.com government in Athens were implemented, then one has to ask whether the basis of the program wouldn't be called into question and therefore pointless," he said. In Athens, Jeroen Dijsselbloem, the Dutchman who chairs eurozone finance meetings, met with top officials to sound out the new government. Dijsselbloem said that while Greeks have gone through "a lot" in recent years to reform their economy, progress had already been made. http://danniehjbk.drupalgardens.com "Taking unilateral steps or ignoring previous agreements is not the way forward," he told reporters in statements after his meeting with Finance Minister Yanis Varoufakis. other Prime Minister Alexis Tsipras' new government has already said it will not move ahead with several planned privatization projects or aim for budget surpluses required to pay down Greece's massive national debt. Greece's bailout, which began in May 2010, runs out on Feb.
More: http://news.yahoo.com/germany-rejects-notion-greek-debt-153543521.html

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