Bundesbank’s Buch casts doubt on Greek debt relief as talks end
German central banker at loggerheads with IMF
Deutsche Bundesbank deputy president Claudia Buch has declared debt relief for Greece a "complicated undertaking", just days after the IMF stressed it was a necessary condition for a future bailout.
In an interview with German newspaper Börsen-Zeitung on August 1, with a translation by the Bundesbank published today (August 5), Buch pointed to the no-bailout clause of the Lisbon Treaty: "The Union shall not be liable for or assume the commitments of central governments."
Granting debt relief
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