'Greece still needs debt forgiveness..' - 'Significant debt forgiveness..'

<blockquote>'..Greece still needs debt forgiveness—and the European Union needs to show that it’s capable of learning from its mistakes.'

- Greece Needs Debt Forgiveness, February 13, 2014</blockquote>


Context (Spain, Greece, Italy) - 'Significant debt forgiveness doesn’t mean equally significant losses for creditors.'

<blockquote>'..We needed lower taxes, less government, and massive work rule reforms (and still do).'

A 50% to 70% cut of Greece's debt load. - '..to cut Greece’s debt load..'

Germany - '..achieving a federal budget with no new debts - a year ahead of schedule.'</blockquote>