Wolfgang Schäuble’s advice to Greece: “Just do it” – SPIEGEL ONLINE

If a government in Greece is skeptical about, then Finance Minister Wolfgang Schäuble.

Given the Brussels dispute over always new reform proposals, deadlines and savings targets were the German his new Greek colleague Euklidis Tsakalotos now some advice: “Just do it”, Schäuble said at the Bundesbank conference in Frankfurt. “Put Simply drop by one or another measure.” This would the Greek government “a tremendous amount of confidence” to recover in the creditors.

By evening, Greek Prime Minister Alexis Tsipras must submit new proposals for reform to get the chance of further assistance. On Sunday, the European leaders will meet for a special summit to the proposals – and the consequences – to discuss.

However, Schäuble is skeptical: He does not expect that Greece presenting credible proposals, he said. To date, the Greek parliament have implemented anything. They also did not know when the capital controls have ended.

A haircut for the threatened bankruptcy country excludes Schäuble – just like the German Chancellor. A “classic haircut” come out of the question for them, Angela Merkel said on the sidelines of their Balkan tour in Sarajevo. Currently they can not judge whether the auxiliary request of the Greek government for the euro bailout fund ESM would be sufficient. The EU summit on Greece on Sunday will be a crucial meeting on the outcome they did not want to speculate, Merkel

Angela Merkel in the video. No “classical Haircut”

The International Monetary Fund (IMF) argued that the Greek public debt without a decree are not sustainable. Schäuble replies but: “The European Treaties include a haircut from.” The ultimate aim must be that the Greek economy will regain its competitiveness. Otherwise stand the country in a few years the same problems.