Schauble: Greeks will erect statue in my honour in future

25 August 2017
253 Views

In an article titled “A Fund for tough times”, German newspaper Handelsblatt outlines the plans by German Finance Minister Wolfgang Schauble to transform the European Stability Mechanism (ESM) into a European Monetary Fund similar to the IMF.

The newspaper claims German politician, who is known for his biting humour, allegedly said during an election rally last week that the Greeks would be praising him everyday and erect a bust in his honour for pushing the necessary reforms that saved the country.

The German Minister is convinced that Greece will never succeed without reforms, the article stresses. According to the Handelsblatt, Mr. Schauble intends to provide a fourth bailout package to Greece in 2018 if it is deemed necessary.

The article goes on to say that Schauble has been examining the prospect of turning the ESM into a European Monetary Fund (EMF) that would provide Greece or any other EU member-state the necessary support in the form of rescue packages given the recent difference of opinions between the EU and the IMF on the Greek matter.

In an interview with the Stuttgarter Zeitung the German politician detailed his plans claiming the ESM should play a more active role in crisis prevention in the Eurozone. “This would not only apply when a country was unable to meet its financial obligations, but also when a banking crisis or a natural catastrophe tests a country’s limits”, he told Stuttgarter Zeitung.

You may be interested

Greece – Cyprus – Egypt to meet in Nicosia on Tuesday
GREECE
shares33 views
GREECE
shares33 views

Greece – Cyprus – Egypt to meet in Nicosia on Tuesday

makis - Nov 21, 2017

President of Egypt Abdel Fattah el-Sisi has arrived in Cyprus on Monday paying his first official visit to the island…

Two suspects of Exarchia riots released on condition
GREECE
shares47 views
GREECE
shares47 views

Two suspects of Exarchia riots released on condition

makis - Nov 21, 2017

The two suspects arrested for during the widespread riots around the area of Exarchia near the Athens Polytechnic during celebrations…

Attica floods: One more dead body found, 21 in total
GREECE
shares49 views
GREECE
shares49 views

Attica floods: One more dead body found, 21 in total

makis - Nov 21, 2017

The death toll from the horrific mudslides last week at Mandra has risen and the dead are now 21. One…

Leave a Comment

Your email address will not be published.