Schäuble insists that the Greek public debt is not a main issue

17 October 2016
261 Views

Germany’s Minister of Finance Wolfgang Schäuble urged Greek authorities to carry on with the implementation of reforms, following the recent progress.

In an interview for German newspaper Genaral Anzeiger, the Finance Minister commented that the recent developments in Europe are positive, such as growth in Spain and Italy.

The German Minister however repeated his position that Greece’s public debt is not a main problem and that any decisions on it will be taken after the third bailout program concludes in 2018. Instead, the German Minister argued, the main problem is inefficient management and lack of competition.

Regarding the IMF’s refusal to participate in the Greek program, Schäuble estimated it was a “misunderstanding” and that there is no intention to clash with the Fund.

You may be interested

PAOK FC owner Ivan Savvidis to stand trial
GREECE
shares18 views
GREECE
shares18 views

PAOK FC owner Ivan Savvidis to stand trial

makis - May 22, 2018

The owner of PAOK football club, Ivan Savvidis will stand trial before the singe-Judge Court of Misdemeanours in Thessaloniki over…

Mikis Theodorakis: “The retreat in the name dispute with FYROM is betrayal”
POLITICS
shares28 views
POLITICS
shares28 views

Mikis Theodorakis: “The retreat in the name dispute with FYROM is betrayal”

makis - May 22, 2018

Mikis Theodorakis describes the retreat in the name dispute with FYROM as betrayal, pointing out the danger “that will cause…

Turkish Court rejects appeal by two Greek servicemen for 3rd time!
WORLD
shares23 views
WORLD
shares23 views

Turkish Court rejects appeal by two Greek servicemen for 3rd time!

makis - May 22, 2018

The Turkish Court rejected an appeal for release by the two Greek servicemen held in a high-security prison in Adrianople…

Leave a Comment

Your email address will not be published.