Arab Today, arab today bundesbank warns against altering greek bailout
Last Updated : GMT 04:46:44
Arab Today, arab today
Arab Today, arab today

Bundesbank warns against altering Greek bailout

Arab Today, arab today

Arab Today, arab today Bundesbank warns against altering Greek bailout

Berlin - DW

The head of Germany\'s central bank has categorically ruled out a softening of Greek bailout terms against the backdrop of aspirations in Athens to strike a laxer deal. His warning comes ahead of decisive elections. German Bundesbank chief Jens Weidmann on Friday warned against changing Greece\'s bailout terms. He told the Spanish El Pais newspaper that whatever the outcome of elections in Greece this weekend, the conditions for the bailout must not be softened in any way, even if that eventually meant the country\'s exit from the eurozone. Weidmann noted that Greece had already received more support in the debt crisis than any other euro area member country in trouble. \"Greece got more help than the rest of the eurozone, and relaxing this already softened framework cannot be an option,\" the central bank boss argued. Weidmann elaborated that allowing Greece to reopen negotiations on the bailout terms could put enormous pressure on political leaders in other bailed-out nations such as Portugal to do the same and haggle over less rigid deals. Make-or-break elections \"I think that would be a very dangerous strategy and would harm those countries which are implementing reforms and austerity measures very quietly,\" he said. Failure to respect the current terms for more international assistance could entail very drastic consequences, the Bundesbank chief warned. He made it clear that refusal to abide by existing agreements had the potential to lead to Greece\'s exit from the eurozone. Weidmann told the Greek daily Kathimerini that no nation must be allowed to try and blackmail partner nations in the 17-member single currency bloc. Greece is electing a new parliament at the weekend. If the opponents of agreed cost-saving and austerity measures take the upper hand, the end of Greece\'s stay in the eurozone is widely believed to be just around the corner.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bundesbank warns against altering greek bailout Arab Today, arab today bundesbank warns against altering greek bailout

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bundesbank warns against altering greek bailout Arab Today, arab today bundesbank warns against altering greek bailout

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday