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jacobcarix

Germany Rejects Notion Of Greek Debt Write-off - Yahoo News

Without the rescue loans from its fellow eurozone countries and the International Monetary Fund, Greece would go bankrupt. "If (visit site) the measures announced by the new government in Athens were implemented, then one has to ask whether the basis of the program wouldn't be called into question and therefore pointless," he said. In Athens, Jeroen Dijsselbloem, the Dutchman who chairs eurozone finance meetings, met with top officials to sound out the new government. Dijsselbloem said that while Greeks have gone through "a lot" in recent years to reform their economy, progress had already been made. "Taking unilateral steps or ignoring previous agreements is not the way forward," he told reporters in statements after his meeting with Finance Minister Yanis Varoufakis. Prime Minister Alexis Tsipras' new government has already said it will not move ahead with several reference planned privatization projects or aim for budget surpluses required to pay down Greece's massive national debt. Greece's go to website bailout, which began in May 2010, runs out on Feb.
More: http://news.yahoo.com/germany-rejects-notion-greek-debt-153543521.html

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