According to Clemens Fuest and Marcel Fratzscher, the respective presidents of the German economic research institutes ifo and DIW, Greek debt relief has no chance of getting through even after the general election in September. The idea of linking growth to the level of repayment, as suggested by the Macron government, does not look possible either.
“Greece does not need a restructuring of its debt.” The situation is clear for Clemens Fuest, the president of the Munich institute of...