Former International Monetary Fund Managing Director Dominique Strauss-Kahn made his own suggestions about the Greek financial crisis urging Greece’s international lenders to accept a temporary halt to debt payments.
The former French finance minister presented his proposals to the public through a three-page declaration entitled “On learning from one’s mistakes” that he posted on his Twitter account on Saturday.
In Strauss-Kahn’s text, one can read the following: “Greece should get no more new financing from the EU or the IMF but it should get a generous maturity extension and significant nominal debt reduction from the official sector.”
The former IMF chief believes that providing additional assistance to Athens to simply repay its international creditors is simply inane.
“The government would have to start collecting taxes and confronting the oligarchy, the vested interests and the deep state that are sapping its formidable potential,” Dominique Strauss-Kahn claims.
And he continues by writing: “If this proves successful, Greece should then become eligible for gradual nominal debt write downs.”
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