FRANKFURT AM MAIN: Greece’s creditors should create “clarity” by reaching a deal on debt relief for Athens at a meeting next month, European Central Bank board member Benoit Coeure urged Wednesday.
“It is very important that an agreement is reached at the Eurogroup meeting on 15 June,” Coeure told a Frankfurt conference.
Any relief measures for Greece’s huge mountain of debt — which currently amounts to a towering 179 percent of annual output — would not come into force before mid-2018.
Nevertheless, “being sufficiently clear on the measures today would help frontload many of the benefits, in particular the rebuilding of confidence” at home and abroad, the ECB board member said.
“Clarity about debt measures …
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