Germany rules out cutting loan amount to Greece.
The German government sees no reason to grant a classic debt cut or any other measure that would reduce the loan amount to the crisis-stricken country. "At the moment and in principle, we see no reason to discuss this issue, as the Chancellor clearly stated in her press conference in Brussels – there is no support or basis for it," said spokesman Martin Jaeger.
Reuters - The German government sees no reason to grant a classic debt cut or any other measure that would reduce the amount of borrowing from the crisis-stricken country, a spokesman for the country's Finance Ministry said on Wednesday.
"At the moment and in principle, we see no reason to discuss this issue, as the Chancellor clearly stated in her press conference in Brussels – there is no support or basis for it," spokesman Martin Jaeger said at a press conference.
(By Madeline Chambers and Caroline Copley)