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The head of the Eurogroup: Greece will need debt forgiveness



Greece will need debt relief to maintain public finance and economic development.



28.Apr.17 1:38 AM
By Christina Orlina
Photo Toinnov.com

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The head of the Eurogroup: Greece will need debt forgiveness
Greece will need debt relief to maintain public finance and economic development. The Finance Minister of the Netherlands and head of the Eurogroup Jeroen Deysselblum made such recognition at the session of the European Parliament.

So far, the Eurogroup refused to discuss the write-off of Greek debt before the full implementation of the terms of the creditors.

Jeroen Dijsselbloem: “Greek Authorities have pledged to push through Parliament as a priority, pension and tax reforms. This will help to save about 1% of GDP. I believe that this will allow lenders to conclude that the conditions are met. Then the IMF will also take part in helping”.

The international monetary fund has repeatedly insisted that the stabilization of the Greek Finance are not possible without partial debt relief and further measures of “austerity”.
Deysselblum in turn, stressed in his speech that in May Greece and creditors must reach agreement about “austerity” and stimulate growth.



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