×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
14
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

What the leadership of the ESM means for Greece: The country’s major creditor and the messages for the Greek economy

Zoe’s extreme parliamentary reality show: The repeated calls to 100, the sexist attacks, and the “to the very end”

Mitsotakis meets the UN Secretary-General’s Personal Envoy for Cyprus

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

Shops are open today, the market is open during festive hours

December 14, 2025

Sunday Sports Broadcasts: Where to watch the tests of the Super League’s Big Four

December 14, 2025

Moments of terror at Brown University after the shootings: Police evacuated students who had hidden

December 14, 2025

The redevelopment of Ellinikon prioritizes the extension of the Metro toward Glyfada – New extensions to follow

December 14, 2025

Farmers to submit their demands today after saying no to Monday’s meeting – Mitsotakis’ response expected

December 14, 2025

The 15 from Crete before the European Public Prosecutor’s Office over OPEKEPE subsidies: They arrived under draconian security measures

December 14, 2025

Shooting at Brown University: Ongoing incident, suspect sought

December 13, 2025

These are the farmers’ demands: They are escalating their mobilizations despite the government’s call for dialogue with the roads kept open

December 13, 2025
All News

> Politics

What the leadership of the ESM means for Greece: The country’s major creditor and the messages for the Greek economy

The election of Pierrakakis to the presidency of the Eurogroup also opens the way to the leadership of the ESM, giving Greece a role as coordinator and creditor in the eurozone – A historic reversal, from a bailout country to an institutional pillar of stability – Pierrakakis from the podium of Parliament: I return from Brussels with an honor and a victory for the country

December 13, 2025

Zoe’s extreme parliamentary reality show: The repeated calls to 100, the sexist attacks, and the “to the very end”

December 13, 2025

Mitsotakis meets the UN Secretary-General’s Personal Envoy for Cyprus

December 12, 2025

Liakouli on tensions with Konstantopoulou: Parliament staff leave the committee in tears

December 12, 2025

Kyriakos Mitsotakis to farmers: On Monday at 17:00, I’m expecting whichever delegation you appoint at Maximos Mansion (updated)

December 12, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα