Search This Blog

Monday, June 25, 2012

Germany bails on bailing out Greece + Greek Finance Minister resigns

* Finance Minister says ball now in Greece's court
* Schaeuble takes tough line on Greece's wish list
* Dismisses euro bonds as 'spending other people's money'
By Erik Kirschbaum
BERLIN, June 24 (Reuters) - Greece's new government should stop asking for more help and instead move quickly to enact reform measures agreed to in return for previous bailouts from its European partners, German Finance Minister Wolfgang Schaeuble said on Sunday.
Schaeuble told Bild am Sonntag in unusually blunt language that Greece has forfeited much of Europe's trust during the sovereign debt crisis, as reflected in an opinion poll covering the euro zone's four biggest nations and published in the paper.
"The most important task facing new prime minister (Antonis) Samaras is to enact the programme agreed upon quickly and without further delay instead of asking how much more others can do for Greece," said Schaeuble, a close ally of Chancellor Angela Merkel and Europe's most powerful finance minister.

Vassilis Rapanos takes part in a meeting at the parliament in Athens in this June 20, 2012 file photo. REUTERS/Yorgos Karahalis/FilesGreek finance minister resigns, crisis deepens 

Greece's new finance minister resigns because of ill health, throwing the government's drive to soften the terms of an international bailout into confusion days before a European summit.  Full Article 

No comments:

Post a Comment