Greece must agree to tough new austerity before EU aid: Germany

Greece must agree to tough new austerity measures before it receives any financial aid from the European Union, German Finance Minister Schaeuble said.

Greece must agree to tough new austerity before EU aid: Germany

Greece must agree to tough new austerity measures before it receives any financial aid from the European Union and failure to do so would endanger such support, German Finance Minister Wolfgang Schaeuble told a newspaper.

"The fact that neither the EU nor the German government have taken a decision (on providing aid) means that the response can be positive as well as negative," Schaeuble told the Sunday edition of Bild.

"This depends entirely on whether Greece continues in the coming years with the strict savings course it has launched. I have made this clear to the Greek finance minister."

Schaeuble said a "tough restructuring programme" for the next years was "unavoidable and an absolute prerequisite" if Germany and the European Union were to approve the aid Greece has requested.


Reuters

Last Mod: 25 Nisan 2010, 16:40
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