Eurogroup head: there is little support for Greek debt write-off

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“We continue to work with them if the Greeks commit to what we have agreed,” Euro group head Jeroen Dijsselbloem said on Monday as he arrived in Brussels for a meeting with euro area finance ministers. Dijsselbloem’s comments come after anti-bailout leftist party Syriza won elections in Greece on Sunday.

“As you know we have already done a lot to lift the debt burden for Greece over the last couple of years in terms of interest and maturity, the length of the loans. We have always said that we continue to work with them if the Greeks commit to what we have agreed with them, and if necessary. Now these words if necessary refer to the debt sustainability. It is too early to say, we have always said that we will come back to debt sustainability issues after the completion of the fifth review and that is still pending, so it is too early,” Dijsselbloem added.

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