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German finance minister: Greece ‘needs austerity programs’
German Finance Minister Wolfgang Schaeuble said cash-strapped Greece needed to implement EU and IMF-imposed austerity measures as European solidarity was “not a one-way street.” “To tell the Greeks that they need not apply austerity deals to which they have agreed is to lie to them,” Schaeuble told the weekly Bild am Sonntag. “European solidarity is not a…
Germany ‘won’t give more to EU bail-out fund’
German Finance Minister Wolfgang Schaeuble ruled out Germany contributing any more money to the beefed-up EU bail-out fund than the 211 billion euros approved by parliament, in an interview published Saturday. “The European Financial Stability Facility has a ceiling of 440 billion euros ($590 billion), 211 billion of which is…
Ongoing Greek debt problems spark talk of euro exit
BERLIN (Reuters) – Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking openly about the possibility of Athens exiting the euro zone. Horst Seehofer, the head of the…
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