Greece would have to earn haircut: Weidmann

Written by Reuters | Berlin | Updated: Nov 19 2012, 02:00am hrs
Any new haircut of Greece's debt should only come as a reward for Athens implementing the reforms it has signed up to, European Central Bank Governing Council member Jens Weidmann said on Friday.

A row between euro zone governments and the International Monetary Fund over how to make Greece's giant debt mountain manageable is holding up the release of 31 billion euros ($40 billion) in emergency loans needed to keep the country afloat.