Germany says Greek debt payment delay to include creditors

15th May 2011, Comments 0 comments

German Finance Minister Wolfgang Schaeuble said Sunday Greece could be granted an extension to the repayment of its massive debt but only if private creditors are also involved.

In an interview with ARD public television, Schaeuble insisted on waiting for the results of an examination of Greek public accounts next month before deciding if new measures were required.

But if they prove necessary, "a central point will be avoided (...) to relieve private creditors at the expense of the taxpayer".

"We must have a clear rule: if there is a rescheduling (of the debt), all credit must be rescheduled," he said.

© 2011 AFP

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