Greek Debt-Writedown Demands Faces EU Disdain: Overview
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Euro-area governments have treated Greek Prime Minister Alexis Tsipras’s demand for a debt writedown with disdain. Find an overview of country comments below.
-Austrian Finance Minister Hans Joerg Schelling has said a debt writedown wouldn’t help the Greek budget because most liabilities have been deferred until 2020. He also opposes the idea because it “would whet the appetite of other countries.” Austrian banks have a total exposure of 150 million euros ($170 million) in Greece, according to the country’s central bank.