Greece would have to earn haircut: Weidmann

Nov 18 2012, 20:30 IST
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SummaryAny new haircut of Greece's debt should only come as a reward for Athens implementing the reforms it has signed up to, European Central Bank Governing Council member Jens Weidmann said on Friday.

Any new haircut of Greece's debt should only come as a reward for Athens implementing the reforms it has signed up to, European Central Bank Governing Council member Jens Weidmann said on Friday.

A row between euro zone governments and the International Monetary Fund over how to make Greece's giant debt mountain manageable is holding up the release of 31 billion euros ($40 billion) in emergency loans needed to keep the country afloat.

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