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Lagarde and Schaeuble: Debt forgiveness doesn't have many supporters in northern Europe (Photo: Council of European Union)

Fiscal hawks warn against Greek debt write-off

Germany, Finland and the International Monetary Fund have warned against the idea of an international conference to write off some of Greece's debt.

Greece’s left-wing party Syriza and its leader Alexis Tsipras, who might become prime minister after the Sunday (25 January) elections, have called for a debt conference to write off some of Greece's debt, similar to the 1953 London Conference that wrote off half of Germany’s post-war debt.

Greece’s public debt has reached €320 billi...

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Lagarde and Schaeuble: Debt forgiveness doesn't have many supporters in northern Europe (Photo: Council of European Union)

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