Germany's Schaeuble warns Greece against lobbying for debt writedown

ATHENS, July 18 Thu Jul 18, 2013 6:44am EDT

ATHENS, July 18 (Reuters) - Greece must stop lobbying for a second restructuring of its debt, German Finance Minister Wolfgang Schaeuble warned on Thursday, saying that was not in the country's best interests

"My advice is not to continue this discussion," Schaeuble told a Greek-German Chamber of Commerce event during a visit to Athens. "We have to stick to what we've achieved. Anything else is not in the best interest of Greece.

"Another haircut beyond the 53 percent for the private sector is not doable."