Fekter: “We Have to Avoid Another Haircut”

Politics ♦ Published: November 28, 2012; 14:31 ♦ (Vindobona)

Austria´s Minister of Finance Maria Fekter argues that another haircut would “constitute abuse of public office.”

Fekter: “We Have to Avoid Another Haircut” / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)

“The aim of the aid which has now been agreed for Greece is to avoid a haircut”, Austrian Finance Minister Maria Fekter emphasised. “If we were to accept a debt cut, it would constitute abuse of public office for us to continue pumping money into the country”, the Minister made clear.

Nevertheless, Fekter expressed satisfaction with the outcome: “Greece has complied…

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