Germans warns Greece: no cuts, no aid [View all]

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Source: Reuters

Leading German politicians warned Greece on Tuesday that the country would not receive a cent more aid unless it fulfills all the conditions of its international bailout.

As Europe's largest economy, Germany has contributed the biggest share of the financial guarantees under Greece's bailout, which is paid out in installments on the condition that Athens meets specific savings goals.

Greece must push a new round of spending cuts through parliament next month to qualify for an 11.5 billion euros aid installment that it needs to avoid bankruptcy. The post-election deadlock has raised questions about whether that timeline can be met.

Read more: http://www.reuters.com/article/2012/05/08/us-europe-elections-germany-idUSBRE8470QQ20120508

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I accept Greece's right to do what they think is in their best interest. I also understand the German taxpayers desire to put conditions on any money they give Greece.

This is going to be a bumpy ride for the next month or so.