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Debusschere, Barbara

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De Morgen - Belgium | 03/07/2015

No improvement without debt relief

The debt relief taboo must finally be broken, the centre-left daily De Morgen demands: "This is not the first time the IMF has argued in favour of debt relief as the key component of a solution. But it is highly remarkable that the international creditor has come now of all times with a recommendation that deviates gingerly from [IMF chief] Lagarde's unbending stance and presents something that until now had been a major political taboo as an absolute necessity. Up to now the IMF's calls for debt relief have always met with opposition from the European governments. In its latest analysis the IMF ignores this. The situation is now so bad, the economists say, that the one-sided method of 'sink or swim' won't work any more, even if the political leaders continue to support it."

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