March 3, 2011
An influential member of Germany's governing coalition backed the possibility on Tuesday of easing the terms of Greece's euro zone bailout, a move that might help Athens better weather the debt crisis.
Michael Meister, deputy parliamentary leader of Chancellor Angela Merkel's Christian Democrats, said he saw logic in extending the repayment schedule for the 110 billion euros of loans granted to Greece on May 2, 2010.
His intervention followed European Central Bank policymaker Nout Wellink, who said on Monday he was open to the idea of extending maturities on all Greek debt, becoming the first senior ECB official to admit the possibility of a restructuring publicly.
"The direction of the debate is sensible," Meister told Reuters, adding that any softening of the terms would not come without a 'quid pro quo' down the line. "For further aid, Greece must also offer additional measures," he said.
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Παρουσίαση στο Βήμα και τη Ναυτεμπορική
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