13.08.15

Germany ponders EU providing guarantees for Greek debt to IMF

German government wants to keep IMF on board without having to offer major debt relief for Greece

German Chancellor Merkel wants no debt relief for Greece

Germany is looking at whether the EU could provide guarantees for Greek debt to the IMF, German weekly Die Zeit reported. Thereby, Germany aims to keep the IMF on board without having to offer major debt relief for Greece. The cep does not believe that Greece’s public debt burden is sustainable. The cepDefault Index shows that there is no sign of Greece regaining its creditworthiness anytime soon.