Majority of Germans Against Greece Debt Relief, Survey Reveals

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Survey published by the Bild am Sonntag German newspaper reveals that almost 70 percent of Germans think Greece’s debt should not be written off any further.

MOSCOW, February 1– Almost 70 percent of Germans think Greece’s debt should not be written off any further, a survey published by the Bild am Sonntag German newspaper Sunday reveals.

According to the survey, 68 percent of Germans are against partial debt relief for Greece and only 21 percent support the idea. The poll also showed that over 60 percent of Germans believe that Greece should stay in the Eurozone while 26 percent have the opposite stance on the issue.

Eight percent of Germans have decided not to spend their vacation in Greece because of a recent change of government in the country, the Bild am Sonntag survey said.

Last week, the left-wing Syriza party won in elections in Greece. Syriza has vowed to revise Greece’s highly unpopular austerity measures, aimed to meet the bailout conditions set by international creditors in exchange for multibillion Euro loans issued over the country’s sovereign debt crisis.

Greece’s new Finance Minister Yanis Varoufakis said Friday that the new Greek government would not seek to extend the bailout program and would not cooperate with the so-called troika of international creditors – the European Commission, the European Central Bank and the International Monetary Fund – that are administering the country’s debt.

On Saturday, German Chancellor Angela Merkel said that any further debt relief for Greece is unlikely, as banks have already written of billions of the country’s debt.

In 2010, the troika agreed a $146 billion bailout package for Greece to prevent a default on its large debt, and imposed strict austerity measures, as part of the country’s economic adjustment program.

 

 

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