Greek surplus would erase German haircut objections: Schaeuble
BERLIN (Reuters) - Germany's legal reservations about a further write-down of Greek public debt would cease to apply if the country were to reach a sustainable primary budget surplus, German Finance Minister Wolfgang Schaeuble said on Tuesday.
He told reporters there was little time for maneuver before the December 13 deadline for a Greek debt buy-back, which is at the heart of a new debt sustainability plan agreed by euro zone finance ministers, but he was confident it would work.
If the buy-back failed to yield the results hoped for, the "troika" of the International Monetary Fund, European Central Bank and European Commission would have to review it, he said.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.