The write down, which aims to lower Greece’s debt to 120 percent of gross domestic product in 2020, will have to be greater and shouldn’t be voluntary, Oxford University professor Clemens Fuest told the Athens-based newspaper.

Fuest said the danger that a euro area country may leave the common currency is existent and that would risk causing a chain reaction, according to the newspaper.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

http://www.bloomberg.com/news/2012-01-07/greek-debt-writedown-should-exceed-50-schaeuble-aide-fuest-tells-vima.html

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