Photo Gallery: Germany's Role in the Greek Debt Conundrum
Foto: Thanassis Stavrakis/ AP
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Photo Gallery: Germany's Role in the Greek Debt Conundrum

Denying Reality Germany's Ongoing Refusal to Forgive Greek Debt

The International Monetary Fund believes that the only way to reduce Greek debt to a sustainable level is by way of a debt haircut involving the country's government creditors. But with an election approaching, Germany has refused to consider the proposal. Reality is on the IMF's side. By SPIEGEL Staff
Translated from the German by Christopher Sultan