Schaeuble Clashes With IMF, Rejects Government Writeoffs
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German Finance Minister Wolfgang Schaeuble said European governments can’t accept losses on Greek debt holdings, clashing with the International Monetary Fund.
“At the International Monetary Fund, there are indeed considerations that if the total Greek debt was reduced by means of a haircut borne by public creditors, the gap would be easier to close” in terms of Greece’s debt sustainability, Schaeuble said in Tokyo today before a meeting of finance chiefs.