![]() ![]() It’s seeking a successor program focused on structural overhauls rather than fiscal measures. Greece’s public debt stands at more than 320 billion euros, or about 175% of gross domestic product. In an interview published today in Germany’s Stern magazine, he said, “Greek debt cannot be repaid in the near future.” “If you are not willing to even contemplate the prospect of a rupture, then you don’t really negotiate,” he said. Greek Finance Minister Yanis Varoufakis told parliament last night that the country wants to move away from its “disastrous bailout agreement,” adding that he was aware that that puts it at loggerheads with its euro-area partners.
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