Angela Merkel rejects any debt writedown for Greece

January 31, 2015 11:42 AM

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Angela Merkel rejects any debt writedown for Greece

Moscovici says Greece must honour commitments but wants it to remain in euro zone

German chancellor Angela Merkel and her finance minister have ruled out a debt haircut for Greece, rejecting the new Greek government’s demand to write off part of its €320 billion ($360 billion) debt.

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