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Remarks made by German Finance Minister Wolfgang Schäuble on further aid to Greece have triggered a debate on the cancellation of Athens’ debt, notes Die Welt.
In an interview European Energy Commissioner Günther Oettinger gave to the daily, the German politician points out that cancellation is ”not on the agenda, but may not be ruled out in the future”. At the same time, ECB board member Jürgen Stark said it ”appears inevitable” that Greece’s public creditors will end up losing some of their money.
During the first debt write-off, creditors gave up €100bn, points out the daily. For her part, German Chancellor Angela Merkel has warned against a debt write-off, which could have a domino effect on the confidence of private investors.
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