20 Jul 2015
Merkel: nominal debt wrote down not an option - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation explained he latest in respect to the Greek bailout negotiations.
Key Quotes:
"German chancellor Merkel said when the first stage of the new Greek bailout is successfully completed, she is willing to discuss the debt relief the IMF and others view as essential."
"However, she insists that a nominal debt write-down is not an option, meaning Germany will only consider further extension of maturities etc. There were lots of headlines about divisions within senior German leadership over Greek strategy."
Key Quotes:
"German chancellor Merkel said when the first stage of the new Greek bailout is successfully completed, she is willing to discuss the debt relief the IMF and others view as essential."
"However, she insists that a nominal debt write-down is not an option, meaning Germany will only consider further extension of maturities etc. There were lots of headlines about divisions within senior German leadership over Greek strategy."