National Bank of Greece ADR (fka NBGGY)

[naturalborninvestor]

Just Out: German government allegedly ready to further debt relief

http://www.spiegel.de/wirtschaft/soziales/griechenland-bundesregierung-angeblich-bereit-zu-weiteren-schuldenerleichterungen-a-1137360.html

Automatic Translation

Germany moves away from its hard line to close the negotiations on Greece soon. According to data from Athens, the federal government is open to new concessions.

Movement comes into the negotiations between Greece and the euro -partners. "We are only a hairspread away from an agreement," said a high-ranking Greek negotiator on Saturday, the SPIEGEL.

Accordingly, the [German] federal government is prepared to grant further debt relief to the government of Prime Minister Alexis Tsipras before 2018. This could be in the form of interest rate adjustment and extended term extension. Berlin also apparently no longer insists that Greece have to generate a primary surplus of 3.5 percent of the economic output for ten years. Both would be a departure from previous positions. Greece will in turn immediately implement controversial reforms.

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