×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
16
Feb 2026
weather symbol
Athens 14°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Politics

German pols across political spectrum admit Greek haircut necessary

Not a hair-cut but prolongation of payments and rate reductions

Newsroom August 17 10:40

More and more German lawmakers are coming to terms with the prospect of some sort of a debt relief for Greece as unavoidable, and openly considering the idea. The latest official is German Deputy Finance Minister Jens Spahn, who said there should be a discussion on a debt relief for Greece, speaking to German newspaper ‘Welt am Sonntag’.

In the wake of the Bundestag’s debate on the latest Greek bailout plan on Wednesday, Spahn underlined that there was a common perception that there needs to be relief on the Greek public debt, “but not a write-off because that is forbidden by the Euro treaty’, he added. The German politician pointed out there could be an extension of payments over a longer duration and a substantial reduction in interest rates, claiming that the final result would be the same as if a real hair-cut was implemented, while European taxpayers will not feel the immediate burden, but only in the long-run. He added that if Germany wanted the IMF to be a part of the new bailout plan it should prepare for a debt relief for Greece.

>Related articles

Pierarakis: Eleni Glykatzi-Arveler was the most tangible proof of the power generated by dedication to knowledge

The execution of the 200 in Kaisariani by German occupation forces: The stories and relics of the fallen

Greece–Turkey in “calm waters” until the elections, following the Mitsotakis–Erdogan meeting in Ankara

Meanwhile, Johannes Kahrs, the spokesperson of the Social Democrats (SPD) party, said the Greek government should be facilitated to relieve its debt, addressing the Budget Committee in the German legislature.

The Green party also showed its support to such a plan, as its leader, Anton Hofreiter, said he was for a relief so that the new bailout plan would be well-grounded in order to attract future investments.

“Debt servicing over the next years should be implemented in such a manner so that primary surpluses can be invested in economic growth”, said the Greens leader.

Ask me anything

Explore related questions

> More Politics

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Pierarakis: Eleni Glykatzi-Arveler was the most tangible proof of the power generated by dedication to knowledge

February 16, 2026

The execution of the 200 in Kaisariani by German occupation forces: The stories and relics of the fallen

February 16, 2026

St. Peter’s Basilica Square to fully open to the public, café to double in size, real-time booking system to be introduced

February 16, 2026

Over 70 non-governmental organisations oppose the European migration reform plan

February 16, 2026

The great Byzantinologist Eleni Glykatzi-Arveler died at the age of 99

February 16, 2026

Alexis Tsipras presents “Ithaki” in Larissa today

February 16, 2026

Greece–Turkey in “calm waters” until the elections, following the Mitsotakis–Erdogan meeting in Ankara

February 16, 2026

Kilauea Volcano erupted again: the lava jets reached 400 metres, see video

February 16, 2026
All News

> Politics

Pierarakis: Eleni Glykatzi-Arveler was the most tangible proof of the power generated by dedication to knowledge

The Finance Minister and Eurogroup President made a post on the loss of the great Byzantine scholar who passed away today at the age of 99

February 16, 2026

The execution of the 200 in Kaisariani by German occupation forces: The stories and relics of the fallen

February 16, 2026

Greece–Turkey in “calm waters” until the elections, following the Mitsotakis–Erdogan meeting in Ankara

February 16, 2026

Papastavrou: We are ushering in a new era of national confidence and determination, becoming a major energy exporter

February 16, 2026

Adonis Georgiades filed a lawsuit against Zoe Konstantopoulou at Evelpidon

February 16, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα