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Greece must reform or leave eurozone, says German minister
Source: The Guardian
Greece must reform or leave eurozone, says German minister
Wolfgang Schäuble rules out debt relief for Greece before
meeting of eurozone’s finance ministers
Helena Smith in Athens
Sunday 4 December 2016 16.29 GMT
Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance minister has insisted, ruling out debt relief for the country ahead of a crucial euro group meeting on Monday.
As the finance ministers of member states using the single currency prepared to discuss fiscal plans for the coming year, Wolfgang Schäuble in effect presented Greece with an ultimatum: either it must enforce unpopular structural reforms or exit the bloc.
“Athens must finally implement the needed reforms,” he told the newspaper Bild am Sonntag in an interview published on Sunday.
“If Greece wants to stay in the euro, there is no way around it – in fact completely regardless of the debt level.”
[font size=1]-snip-[/font]
Wolfgang Schäuble rules out debt relief for Greece before
meeting of eurozone’s finance ministers
Helena Smith in Athens
Sunday 4 December 2016 16.29 GMT
Greece must implement economic reforms if it is to keep its place in the eurozone, Germany’s finance minister has insisted, ruling out debt relief for the country ahead of a crucial euro group meeting on Monday.
As the finance ministers of member states using the single currency prepared to discuss fiscal plans for the coming year, Wolfgang Schäuble in effect presented Greece with an ultimatum: either it must enforce unpopular structural reforms or exit the bloc.
“Athens must finally implement the needed reforms,” he told the newspaper Bild am Sonntag in an interview published on Sunday.
“If Greece wants to stay in the euro, there is no way around it – in fact completely regardless of the debt level.”
[font size=1]-snip-[/font]
Read more: https://www.theguardian.com/world/2016/dec/04/greece-must-reform-or-leave-eurozone-says-german-minister
