The decision to write off over 50 percent of the Greek debt, according to Deputy Prime Minister and Finance Minister Zoran Stavreski, is not going to resolve all Greek problems, yet it is a step ahead in overcoming the present situation.

“With this decision, the bankruptcy of Greece and its incapacity to repay debts were in fact made official, which is however better than having the same happening without an agreement. In any case, it will not be a final solution to the situation in Greece and other indebted countries because now the question is raised of what will happen in the event of a similar situation in Italy and Spain, as bigger countries where investors will not be able to accept the writing off of debts or where there is not enough money for recapitalization of banks,” Minister Stavreski said.