‘Greek debt to be discussed no sooner than the European elections’

The administration of the Deutsche Bank said on October 30 2013 that it is unlikely for Greece to have a new “haircut” in its debt, while estimating that any form of easing will be implemented via either a decrease in interest rates or a prolongation of the bailout loans, a decision to be made no sooner than the European election in May 2014.

“The Greek economy is stabilised and the governmental coalition is more stable, but the path to normality will be long,” Deutsche Bank said.

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(Photo: Mattes)