Schaeuble: Greek “haircut” only if Greece leaves the Eurozone

9 February 2017
634 Views

Wolfgang Schaeuble in a statement he made just before the upcoming Euroworking Group he ruled out the possibility of a haircut of the Greek debt. He underscored that something like this would have been a violation of the Lisbon Treaty. As he said, something like that could take place only if Greece was not inside the Eurozone.

“We must continue to push Greece to make reforms in order to become competitive. Otherwise the country will have to leave the Eurozone”, he stated.

In the same time the German press attacks Schaeuble accusing him of behaving like a dictator. More specifically, Tageszeitung argues that although the German Minister of Finance knows that the measures he wants Greece to take don’t work, he chooses to ignore this reality. The newspaper says that Greece turns into a German colony and while Schaeuble’s hard behavior may be appealing to the German voters, the impression the rest of Europe has is that Germany becomes an unreasonable overlord tortures mercilessly the weaker countries, something that Germany will eventually pay for.

You may be interested

Poll: New Democracy leads with a 14.8% difference to SYRIZA
POLITICS
shares22 views
POLITICS
shares22 views

Poll: New Democracy leads with a 14.8% difference to SYRIZA

makis - Jun 24, 2021

The governing party of New Democracy is clearly leading the polls with 37%, a difference of 14.8% from SYRIZA which…

Greece and Italy top European picks for American tourists
GREECE
shares24 views
GREECE
shares24 views

Greece and Italy top European picks for American tourists

Panos - Jun 24, 2021

Italy and Greece are the top two choices in Europe for American travellers this season, according to a report by…

Turkish coastguard harassed Cypriot fishing boat (photos)
GREECE
shares27 views
GREECE
shares27 views

Turkish coastguard harassed Cypriot fishing boat (photos)

Panos - Jun 24, 2021

New provocation from Turkey. Turkish coastguards harassed the fishing boat “Maria – Bouboulina”, while sailing in international territorial waters. The…

Leave a Comment

Your email address will not be published.