Schaeuble: Without the IMF in the Greek program we must have new negotiations

13 January 2017
489 Views

The German Federal Minister of Finance Dr. Wolfgang Schaeuble gave an interview to Süddeutsche Zeitung where he argues that the Greek program could continue in theory without the IMF. However, he points out that if the commitments are not respected from all sides then new negotiations will be needed with Greece.

Once more Schaeuble repeated that the Eurozones’ regulations do not allow countries to pay the debts of other countries, as it happens inside Germany, where the deficits of one constituent state can be covered by the surpluses of the others. Added that “Greece chose in 2015 a long and hard way to go instead of the alternative of leaving the Euro. Now we must insist on the application of the agreement. Otherwise, the Euro will not last in time with its current structure.

You may be interested

All retail stores to open on Monday in Greece
GREECE
shares32 views
GREECE
shares32 views

All retail stores to open on Monday in Greece

makis - Jan 15, 2021

The Expert infectious disease team has proposed opening retail stores nationwide from Monday via the ‘click in shop’ method, while…

Hellenic Air Force: How low can you go?
DEFENCE
shares46 views
DEFENCE
shares46 views

Hellenic Air Force: How low can you go?

Panos - Jan 15, 2021

In the last few days a video from an Helenic Air Force Base has gone viral. It demonstrates the level…

How Fast Is 5G? (infographic)
GREECE
shares45 views
GREECE
shares45 views

How Fast Is 5G? (infographic)

Panos - Jan 15, 2021

As Apple is getting ready to ship the new iPhone 12 this week, much has been written about the new iPhones’ standout feature: 5G.…

Leave a Comment

Your email address will not be published.