Schäuble insists that the Greek public debt is not a main issue
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
23 christians killed in Egypt!makis - May 26, 2017
Gunmen opened fire on two buses and a truck carrying Coptic Christians in Minya, Egypt on Friday, killing at least…
Students slightly injured after school bus capsizes in Serres, northern Greecemakis - May 26, 2017
One child suffered a fracture when a school bus from the Vamvakofyta primary school was run off the road by…
Papademos -bleeding- carried into the ambulance! (video)makis - May 26, 2017
A shocking video from the moments after the bomb attack against the former Prime Minister of Greece Lucas Papademos in…