In its editorial published on 9 February 2015 South China Morning Post newspaper calls Greece’s creditors to give the new SY.RIZ.A-led government time. According to the article: ‘Regardless of the rights and wrongs, there is no way Greece will ever repay in full its €315 billion debt pile. At some point, a debt restructuring is inevitable and the creditors will have to take a “haircut” on their loans. You can punish Greece all you want. That might appeal to German taxpayers. Or you can give it some breathing space to recover from a deep depression and repay more of its debt in future’.
The editorial ‘Creditor-nations must give Greece some breathing room’ published in South China Morning Post is available here.