Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.
Peer SteinbruckThe euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and the monetary union as Germany.
Peer SteinbruckIf things sometimes get tough, you can't ask yourself what impact it's having on you. It isn't an option.
Peer Steinbruck