Arab Today, arab today germanys schaeuble cautious on greeces ability to avoid default
Last Updated : GMT 22:53:29
Arab Today, arab today
Arab Today, arab today

Germany's Schaeuble cautious on Greece's ability to avoid default

Arab Today, arab today

Arab Today, arab today Germany's Schaeuble cautious on Greece's ability to avoid default

German Finance Minister Wolfgang Schaeuble
Berlin - AFP

German Finance Minister Wolfgang Schaeuble said he couldn't categorically rule out a Greek debt default as Athens negotiates with its creditors, US and French newspapers reported Wednesday.

Asked whether he would repeat an assurance he gave in 2012 that Greece wouldn't default, Schaeuble told The Wall Street Journal and French daily Les Echos: "I would have to think very hard before repeating this in the current situation."

The radical left-wing and anti-austerity government of Greek Prime Minister Alexis Tsipras has been in a standoff with its lenders for months while battling recession and a liquidity crunch.

The EU and IMF creditors are demanding tough labour market and pension reforms in return for the final 7.2 billion euros ($8.0 billion) in bailout funds Athens desperately needs.

"The sovereign, democratic decision of the Greek people has left us in a very different situation," said Schaeuble, referring to the January election of the Tsipras government.

Schaeuble -- a champion of tough reforms and austerity -- rejected the idea of discussing a third bailout package for Greece before the current programme is completed, said The Wall Street Journal.

"Greece has yet to complete the programme, it no longer has the primary surplus it had last year, and it has said repeatedly it doesn't want a new programme," he was quoted as saying.

While Schaeuble has taken a tough stance on Greece, he said he was ready to talk with Britain about its demands to rewrite the rules of its EU membership, the report said.

He said he had invited his British counterpart George Osborne to discuss reform proposals on European treaties, including Berlin's wish for more centralised fiscal governance of the eurozone, of which Britain is not a member.

Schaeuble stressed that "we have a huge interest in the UK remaining a strong and engaged member of the European Union."

 

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 germanys schaeuble cautious on greeces ability to avoid default Arab Today, arab today germanys schaeuble cautious on greeces ability to avoid default

 



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 germanys schaeuble cautious on greeces ability to avoid default Arab Today, arab today germanys schaeuble cautious on greeces ability to avoid default

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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