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Anonymous Posted 9 years ago
Vocabulary
Creditors would have to give way on debt relief
"Poul Thomsen, the head of the IMF’s European department, said Greece had adopted “a much more growth friendly-programme”, but made clear the other creditors would have to give way on debt relief before the fund got on board." (The Guardian.)
What does "the other creditors would have to give way on debt relief" exactly mean in the above?
Top answer
I think "give way" means something like "make concessions".
- I think "give way" means something like "make concessions".
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2 Answers
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It means that the people to whom Greece owes money would have to agree to a plan that lets Greece pay less than is actually owed. It suggests that at the moment the creditors are opposed to such a plan.
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