Schaeuble says must find option if Greece can’t cut pensions

23 March 2016
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German Finance Minister Wolfgang Schaeuble said on Wednesday alternatives must be found if Greece cannot deliver on pension reforms as Athens aims to complete a first review with its international lenders in April.

“If, for reasons that we know about, there is not much room for manouevre in pension reforms, then the three institutions must … together with the Greek government work on finding something else to do instead,” Schaeuble told reporters.

“The debate about debt sustainability is unfortunately a debate about something that is not urgent,” Schaeuble said, adding boosting competitiveness and implementing structural reforms were more pressing.

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