×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
14
May 2026
weather symbol
Athens 20°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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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

Georgiadis on the Innovation Fund: “We are creating a new framework for the benefit of patients”

Christodoulides: Guterres fully committed to the effort for progress on Cyprus

Mitsotakis: Electricity prices will continue to fall; Greece will not be the most heavily indebted country in Europe

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

Georgiadis on the Innovation Fund: “We are creating a new framework for the benefit of patients”

May 13, 2026

Archbishop Elpidophoros declares May 17 “AHEPA Sunday” across America

May 13, 2026

Iran demands the immediate release of the four Iranian citizens arrested in Kuwait

May 13, 2026

OECD: Greece recorded the largest increase in household income in Q4 2025

May 13, 2026

“Until yesterday we were in class, they were laughing, joking”: Teacher of the two girls who fell from an apartment building in Ilioupoli speaks out in shock

May 13, 2026

Greece introduces, for the first time, a comprehensive framework for the safe use of Artificial Intelligence in schools

May 13, 2026

TUI Group: Greece and Spain are the most favored destinations from last-minute bookings

May 13, 2026

Two violations of Greek airspace by Turkish F-16 fighter jets

May 13, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα