No political room for manoeuvre in Germany in favour of a Greek debt writedown

During negotiations on the Greek programme this year, Wolfgang Schäuble, German finance minister, persuaded Brussels and Washington that there is no political room for manoeuvre in Germany in favour of a Greek debt writedown before the 2017 elections. 

He failed to mention that there will be even less room afterwards.



SEPTEMBER 11, 2016 by: Wolfgang Münchau

https://www.ft.com/content/b8287b32-7695-11e6-bf48-b372cdb1043a




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