German Finance Minister Wolfgang Schaeuble said Greece doesnt need debt relief now and wont require an easing of its debt burden as long as the troika of creditors determines that debt sustainability is ensured.
The European Stability Mechanism, the euro regions financial backstop, will seek to lock in the favorable refinancing costs its passing on to Greece for an extended period of time, Schaeuble said in Amsterdam. While not part of the Greek program, these operations — if in place — would help ease pressure on Greece, he said.
Wolfgang Schauble
Photographer: Molly Riley/AFP/Getty Images
The debt sustainability analysis determines whether measures are needed to help the cash-strapped country, Schaeuble told reporters after a two-…
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