• All euro countries must undertake efforts
  • Rules out public haircuts for Greece, sees possible cuts in Greek loan rates and longer maturities
  • Previous debt target ‘not realistic’
  • ‘On good track’ for a Greek agreement for Nov 20 bailout tranche
  • Chances of Greek sustaining debt in 2020 may be a bit too ambitious
  • Governments should look for other solutions than haircuts

Bloomberg/Reuters reporting