Schaeuble says eurozone will ‘fall apart’ if rules aren’t followed

20 December 2016
528 Views

German Finance Minister Wolfgang Schaeuble, asked about Greece’s plans to pay pensioners a Christmas bonus while it is in the midst of a bailout program, told Die Zeit paper that the eurozone would fall apart if countries did not stick to the rules.
Schaeuble, who has long taken a tough line on Greece, said the European Commission, International Monetary Fund (IMF), the European Central Bank and the European Stability Mechanism (ESM) rescue fund had been asked for their view as to whether the step conformed to its obligations.

“The initial answer is no. If we don’t stick to the rules, the eurozone will fall apart,” he told Die Zeit, adding that the construction of the currency union had to be changed.

You may be interested

The Crusader castle of Chlemoutsi in the Peloponnese
GREECE
shares11 views
GREECE
shares11 views

The Crusader castle of Chlemoutsi in the Peloponnese

Panos - Jan 19, 2021

Imposing, and rich in history, Greece hosts countless medieval castles and fortresses. Each one has a different story to tell…Some…

Independent Panel says WHO and China failed to act fast in Covid-19 response
GREECE
shares22 views
GREECE
shares22 views

Independent Panel says WHO and China failed to act fast in Covid-19 response

Panos - Jan 19, 2021

The World Health Organization and Beijing could have acted faster when Covid-19 first surfaced in China, a group investigating the…

Cavusoglu openly threatens Greece with war in front of German Foreign Minister
GREECE
shares15 views
GREECE
shares15 views

Cavusoglu openly threatens Greece with war in front of German Foreign Minister

Panos - Jan 19, 2021

Greece and Turkey might have agreed to sit at the table for exploratory talks at the end of January, but…

Leave a Comment

Your email address will not be published.