Monday, January 26, 2015

Greece Must Repay Debt, Europe Officials Say

Wall Street Journal
January 26, 2015

Europe’s political establishment moved quickly to douse hopes it would substantially relax the terms of Greece’s bailout after antiausterity leftists swept to power in the country’s national election, insisting that Athens honor its commitments.

European officials tried to balance a display of respect for the will of the Greek people on Monday, while also stressing that a change in government wouldn’t upend the rescue framework that many Greeks blame for their country’s deep malaise.

“In our opinion, it’s important that the new government tackle measures to allow a continuation of the economic recovery,” German Chancellor Angela Merkel ’s spokesman, Steffen Seibert, said in Berlin.

“We believe Greece has accepted terms that are not off the table after the election.”


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