German FinMin Schaeuble points to further writedown of Greek debt from 2016

“When Greece has achieved, or is about to achieve, a primary surplus and fulfilled all of its conditions, we will, if need be, consider further measures for the reduction of the total debt,” he told reporters.

Greece is expected to produce a primary budget surplus of around 4.5% of GDP in 2016.

Comments made after the end of the Eurogroup meeting which finished earlier today

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