Register | Forgot Your Password? | Close

(AP) - FIRST THINGS FIRST: Germany's top central banker says Greece's creditors will eventually have to write down the value of the country's debt further, but only after Greece improves its budget and reforms its economy.

BAILOUT CASH: The comments from Jens Weidmann, also a member of the European Central Bank's governing council, came days ahead of a meeting where Greece's partners in the euro are expected to sign off on the release bailout cash needed to keep the country afloat.

KEEP UP PRESSURE: Weidmann said granting the country more debt relief now could reduce pressure on Greece and weaken its ambition to undertake necessary reforms.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
close

Share: