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2016-04-07

Vice President Biden underscored the need for Europe to follow through on its commitment to put Greece's debt on a sustainable path through debt relief.

Office of the Vice President, April 04, 2016


“It’s not a demand of the federal government to have no debt haircut but rather in our opinion this is legally not possible in the eurozone,” 
Merkel said.

Speaking after a six-hour meeting of eurozone finance ministers in Brussels, Christine Lagarde, the IMF managing director, said: 

“I remain firmly of the view that Greece’s debt has become unsustainable and that
Greece cannot restore debt sustainability solely through actions on its own.”
 

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