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    Earn your haircut Greece is told

    euronews (in English)

    by euronews (in English)

    As Greece waits for the release of 31 billion euros of emergency loans one top official has said the country will have to earn any, "haircut" on its debt.

    Jens Weidman a member of the governing council of the European Central Bank believes a writedown of some of the debts will only make sense as a reward for completing a reform package that puts Greece's finances on a sustainable basis.