‘When the debt is unbearable, then there must be a haircut’ – Greek Fin Min Varoufakis

FXStreet (Mumbai) - Praising German leaders, Greek finance chief Yanis Varoufakis told German daily today, that his country debt is unbearable, urging to find another word for 'haircut'.

Key Quotes:

"When the debt is unbearable, then there must be a haircut,"

"we can find many other names for it; German and Greek languages are increasingly inventive in this matter".

"Angela Merkel is by far the most astute politician in Europe. There is no doubt about that,"

Regarding Schaeuble, he said: "Wolfgang Schaeuble is probably the only European politicians with intellectual substance. He is a committed European and rooted federalist."

"(Germans are) better Europeans than the French or we Greeks."