Rutte: Greece scrambles up Grexit would be bizarre – z24

Rutte: Greece scrambles up Grexit would be bizarre – z24

Prime Minister Mark Rutte. Photo Reuters

It would be “bizarre” if Greece would stop all reforms and cuts and from the eurozone would step

Prime Minister Mark Rutte said Sunday current affairs program.

Rutte said he did not want to speculate on whether a so-called ‘Grexit “(Greek exit from the euro) is harmful for the rest of the eurozone. “Because I assume that that is not going to happen. The Greeks have done so much over the last four or five years reforms and cuts and all that deferred maintenance implement, it would be really weird to stop doing that now. “

According Rutte economy Greece just to attract and unemployment falling.

Lighting Greek debt

Within the European Union, more and more voices are raised to meet Greece with a reduction of its debt, reported German newspaper Die Welt on the basis of initiates in Brussels.

“A restructuring of Greek debt is inevitable, because the country debt else can not wear,” said a senior EU official to Die Welt. About the time that debt relief may be decided, however, the opinions were different.

Some think that this year steps need to be put. Others prefer to wait longer, to prevent other countries with high debt speculate on help

German advisor:. Half cross off debt

An economic adviser to the German government said this weekend that about half of the Greek debt should have been deleted in return for further reforms of the economy. That would mean waived some 120 billion euros, according to chief economist Marcel Fratzscher research institute DIW. Of this, 40 to 50 billion euros to be borne by Germany.

The euro countries and the IMF were the last few years know that there can only be on new measures against the Greek debt considered as the country’s so-called primary surplus realized on its budget. That means that the income of the government are greater than the costs, as the interest on the debt is excluded. Greece has already reached that goal.

The current utility Greece runs off the end of February. Within the EU, however, would be expected therefore that there still is no end to the emergency loans for the country. The probability that the Greek government can borrow money at affordable rates in the markets seem small, allowing additional support will be necessary. According to Die Welt is then given to an amount of approximately EUR 20 billion