×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
23
Dec 2025
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

Greece, Cyprus and Israel decide on joint interdisciplinary exercises and co-training of Special Forces

Irritation in the Turkish media as well over the Trilateral: “The alliance of evil”

Mitsotakis on farmers: The government will not yield to blackmail and the paradox of silence (updated)

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

Greece, Cyprus and Israel decide on joint interdisciplinary exercises and co-training of Special Forces

December 23, 2025

Active Combat: Bill on the National Strategy for Natural Disaster Prevention and Management

December 23, 2025

Irritation in the Turkish media as well over the Trilateral: “The alliance of evil”

December 23, 2025

Smaragda Karydi and Thodoris Atheridis have separated after 23 years

December 23, 2025

Damage, anger and hardship, cancellations in tourism up to 50% due to roadblocks – “Mainland Greece is bleeding,” professionals say

December 23, 2025

Our army will remain in Gaza, says Israeli Defence Minister

December 23, 2025

George Petzetakis: Debts in Athens, business and the high life in America despite international warrants

December 23, 2025

The Pentagon “sees” strong nuclear mobility in China: Over 100 intercontinental ballistic missiles have been deployed near Mongolia

December 23, 2025
All News

> Politics

Greece, Cyprus and Israel decide on joint interdisciplinary exercises and co-training of Special Forces

The Joint Action Plan of the three countries and the Greece-Israel Defence Cooperation Programme signed in Nicosia

December 23, 2025

Irritation in the Turkish media as well over the Trilateral: “The alliance of evil”

December 23, 2025

Mitsotakis on farmers: The government will not yield to blackmail and the paradox of silence (updated)

December 23, 2025

New dynamics in the Eastern Mediterranean after the Trilateral Summit: Why Netanyahu sent a clear message to Turkish revisionism

December 23, 2025

Today, the last cabinet meeting of 2025 with 2026 reforms on the agenda and a new message from Mitsotakis to the blockades

December 23, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα