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Belgium: Greece faces a "long and arduous road" - Merkel
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13.07.2015
Speaking from Brussels, Monday, German Chancellor Angela Merkel commented on the agreement between Greece and its creditors saying that "the advantages outweighs the disadvantages", but admitting that Greece will face a "a long and arduous road". Earlier Merkel explained that a nominal "haircut" of the Greek debt is "out of the question", but an extension of the "grace period" could be considered in the future. Merkel ended by announcing that on July 20 there is to be discussion with the institutions about Greece's restructuring that would lead to "rendering the whole of the administration less political".
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