EUROZONE: German FM Schäuble Lays Down The Law...Creditors Must Get A "Haircut."

GUARDIAN

German FM Wolfgang Schäuble has warned private Greek creditors that they will need to roll over the nation's debt if Berlin is to agree a new bailout.
France, the ECB, and the European commission oppose a restructuring of Greek debt.
Germany believes that creditors should not reap profits from bonds...while European taxpayers fund rescues.