“We can only alleviate the debt burden, we can not forgive, within European rules. And there was a compromise between all the Heads of State and Government of the euro area to discuss this issue so that Greece can have a first complete and positive assessment of the new program, “said Pedro Passos Coelho, adding that” this will be a precondition for the International Monetary Fund (IMF) can come to join a third program for Greece. “
Speaking to journalists at ISCTE, in Lisbon, Passos Coelho argued that the alternative to forgive part of the Greek debt implied that this came out of the single currency: “Greece could not be within the euro zone, and therefore, that would be a help to the Greeks could remake its economy outside the euro area, if they so wished. There would be, I have no doubt, willingness to make a partial forgiveness of that debt. “
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