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Greece goes ‘cold turkey’ on loans: France to support debt relief, no chance of write-off — RT News

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Paris will assist Greece with “anything” to lessen its debt burden, except for writing it off, France’s finance minister told Syriza-appointed Yanis Varoufakis, who is touring Europe seeking support after Athens vowed to go “cold turkey” on debt.

“Anything that can alleviate the Greek debt burden will be welcome,” French Finance Minister Michel Sapin said at a media conference in Paris after the two socialist politicians walked hand-in-hand in front of the flashing cameras.

At the same time, the French minister said there is “no question” of canceling Greece’s debt – which stands at about €315 billion (US$356 billion), or 175 percent of the country’s GDP. He noted that Varoufakis “understood” that any costs in that scenario would simply be “shifted” from the Greek taxpayers to those elsewhere in the EU.

 

via Greece goes ‘cold turkey’ on loans: France to support debt relief, no chance of write-off — RT News.

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Written by voiceoftruthusa

February 2, 2015 at 1:29 pm

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