Saturday, May 9, 2015

Sudden insolvency: Schäuble warns of unexpected defeat Athens – n-tv.de NEWS

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 Saturday 09 May 2015

 
 
 


 
 Since the beginning of the recent growing concern about Greece. The reform process increased and the new government bogged down. Before the meeting of euro zone finance ministers Schaeuble will not mince words – indirectly to an unattractive theme
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Federal Finance Minister Wolfgang Schaeuble warned of the possibility of surprising Greek default. “Experiences elsewhere in the world have shown that a country can suddenly slip into insolvency,” the CDU politician of “Frankfurter Allgemeine Sonntagszeitung” said loudly preliminary report. He did not want to speculate on a time in the interview.

On the question of whether the federal government had made preparations for such an eventuality, he said. “There are questions that must not answer a sensible politician” The Minister stressed that Germany would “do everything to keep Greece under verantwortbaren conditions in the euro zone”. He added: “At us must not fail it.” On this issue, he was in complete agreement with German Chancellor Angela Merkel.



Report on Varoufakis exaggerated

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At the meeting of the Euro group this Monday there would still be no agreement on new aid for Greece. “I do not see that until then everything clears,” said the head of department.

His Greek counterpart Yanis Varoufakis took Schäuble prior reports of an alleged loss of power in protection. “We both are finance and bear responsibility, so we work well together,” he said. “Only the media Varoufakis have made a superstar, now they write it down. The one is as false as the other.”

This weekend the experts of donors and Greece are continuing their discussions on the reform package. On Monday, the finance ministers of the Euro Group meeting in Brussels. Without an agreement on the implementation of the reforms, the outstanding relief funds amounting to EUR 7.2 billion can not be paid to Greece.

  Source: n-tv.de
 


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