Debt Relief: Greece and Debt

debt relief: They don't understand that Greece problem isn't its debt level but Greece problem is its lack in competitiveness and its inability to build up functioning administration, he said at a book launch event, according to Market Watch. Everybody pretends as if some kind of debt relief would make anything at all better in Greece. His comments, which signal Germany persisting hard line against Greece, come after Schäuble visited Washington earlier this month, where talks with senior financial officials and the International Monetary Fund included Greece debt sustainability. The only thing that would change is trampling even more all over any willingness to tackle a couple of reforms. Also popular on WSJ.com: What does Nevada $35 billion fund manager do all day Nothing. An expanded version of this report appears on WSJ.com. (news.financializer.com). As reported in the news.