Bundesbank’s Buch casts doubt on Greek debt relief as talks end

German central banker at loggerheads with IMF

Claudia Buch

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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