Strauss-Kahn Says Everyone Must Accept Losses on Greece

From Bloomberg:

Former International Monetary Fund head Dominique Strauss-Kahn said that forcing Greece to pay back its debts would unacceptably impoverish the country, and that everyone must be willing to accept losses on Greece’s debts.

“They can’t pay,” Strauss-Kahn said in his first interview since charges of assaulting a Manhattan hotel maid were dropped. “The efforts of European leaders have been too little, or too late, or often both too little and too late.”