Merkel sees no new debt haircut for Greece – oh well

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German chancellor Angela Merkel doesn’t see a fresh debt haircut for Greece. This is different than an assessment from the German Bundesbank and stands in contrast to the funding gap that the IMF sees.

It’s important to remember that there are elections in Germany on September 22nd. Also her finance minister made similar comments recently.

The incumbent chancellor said Germany will reassess the situation in early 2014 in an interview with FAZ. This is the time that the Bundesbank sees a third bailout for Greece.

Merkel would like the crisis in Greece to remain away from the election campaign. The bailouts are not popular in Germany.

Opinion: Worsening Eurozone debt levels could see September Euro sell-off

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

10 Comments

  1. Teo Chasse on

    Actually, for the Algemeine Zeitung she said that the situation in Greece will be re-assessed in late 2014-early 2015,that she doesn’t see another haircut for Greece and the constant haircut talk worry her a lot as it is very careless and would hurt other countries in Europe.She says that there is program agreed for Greece that has to be followed.

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