Merkel and Greece: no euro exit or debt forgiveness – La Voz del Interior

Berlin. The German Chancellor, Angela Merkel, adjourned the controversy surrounding a possible temporary exit of Greece from the euro zone and called for “look forward” .

“The ‘Grexit’ was on the table, but we have decided for another option. And what counts now is the result of negotiations. Eurozone members agreed to negotiate with Greece a new aid package. That is what we must take place now, “Merkel said in a television interview.

In his view, there was only one possibility and was to find a set way to Athens, since any other choice would lead to chaos.

“The important thing now is the result. options are discussed and decided by all eurozone members considered the best, “he insisted the chancellor, who was hopeful that Greek banks may reopen today after two weeks of playpen.

“I have no intention to continue with this discussion,” settled

.

Removes not

The chancellor also reiterated a “haircut in the classical sense “with a lightening of debt hanging over Athens,” may not occur within a monetary union “.

Angela Merkel said” a classic hair cut 30 or 40% Debt can not happen in a monetary union “.

However, he suggested he was open to discussing ways to lessen the financial burden of Athens. Germany could show some flexibility in negotiations over how Greece will manage its huge debt, the German Chancellor said.

On Friday, German lawmakers persuaded to give overwhelming support to the latest rescue package financial support for Athens.

However, Merkel also explained that, as they have agreed, when you reach “the first review” on the progress of the rescue that is, the degree of implementation of adjustments and reforms in Greece -. could speak of a restructuring of the Greek debt

Dialogue hard

The head of the German Government considered that the negotiations begin in a few weeks they will be tough and regretted that the various Greek governments have not implemented reforms they already asked in 2010, when the first bailout was agreed.

In contrast, other countries have implemented reforms and today He is in a better situation, reasoned Merkel, who said that now the euro is strong and that the worst has already happened in Ireland, Portugal, Spain and Cyprus, “where there already are creating growth and jobs”.

“In this sense we have achieved important things,” to summarize five years of debt crisis in Europe.

On the rumors about a possible resignation of his finance minister by their differences over the best solution for Greece, the chancellor said that “nobody has asked cessation”. Finally, with regard to Germany’s image after the agreement, Merkel said there is “winning beauty contests,” but to do what is necessary.