Deutsche Bank CEO Ackermann on the Newswires
- Says he doubts Greece can repay debt in full
- “Greek repayment requires unbelievable efforts”
- “Europe must stabilize Greece, avoid contagion
- “Europe must avoid Greek debt restructuring
- Says Italy, Spain, “strong enough” to service debt, more difficult for Portugal to service debt
- Says Euro is “fundamentally strong”
The comment that “Greece not able to repay debt in full” may be shocking but it is part and parcel with the aid package.
