Following a two-day meeting of eurozone finance ministers in Amsterdam, German Finance Minister Wolfgang Schäuble said Greece wont necessarily require an easing of its debt burden. Schäuble said this would apply if the International Monetary Fund and the Germany-led consortium of lenders determine that the countrys debt sustainability is ensured, Bloomberg reported Saturday.
A countrys debt sustainability is defined as its ability to fulfill its loan payments without accumulating additional debts or arrears. Germany and several other countries have opposed partially forgiving Greeces loans, contrary to IMFs stand that without debt relief, Greeces debt will not be sustainable.
The debt sustainability analysis determines whether measures are…
Read the full article at: http://www.ibtimes.com/greece-bailout-talks-greece-does-not-need-debt-relief-german-finance-minister-says-2358656