Tags: POLITICS andGOVERNMENT | EUROPEAN COMMISSION | BARROSO | GREECE | BANKS | STRAUSS-KAHN

Germany Rejects Greek Claim It Profits from Crisis

Tuesday, 23 Mar 2010 10:39 AM

 

Germany's foreign minister on Tuesday rejected a charge by Greece's deputy prime minister that Berlin is reluctant to help Athens because its exporters and banks are profiting from a debt crisis that has hit the euro.

Foreign Minister Guido Westerwelle instead sought to put the focus of the debt crisis debate on Greece, saying Athens must press ahead with deficit cutting measures.

"We Germans have a massive interest in a strong euro," he told Deutschlandfunk radio.

Greek Deputy Prime Minister Theodoros Pangalos made his characteristically robust criticism of Germany on Monday, as European Commission President Jose Manuel Barroso and ministers across Europe raised the pressure on Berlin to drop opposition to agreeing support measures for Greece.

Westerwelle's Free Democrats (FDP) have led resistance within the German coalition government to giving Greece aid.

"The issue is whether money is needed now — and it is not," Westerwelle said, adding that Greece had not asked for financial aid.

"I have the impression that the Greek side knows too that the reforms must be advanced now." "For us as Europeans, it is completely clear that we not only want European solidarity, but that we support it too," he said.

But he added that he feared putting forward aid would only weaken the resolve of the Greek government to implement reforms.

The euro has lost about 5 percent against the U.S. dollar this year on worries about Greece's fiscal crisis and other weaker euro zone members.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Michele Bachmann 2016: What 5 Liberal Pundits Say About Potential GOP Presidential Hopeful

Wednesday, 28 Jan 2015 18:51 PM

Michele Bachmann, a potential GOP presidential hopeful in 2016, seems to be a political target that liberals love to sho . . .

Dick's Sporting Goods Guns: What's Retail Chain's Policy on Selling Firearms?

Thursday, 08 Jan 2015 21:02 PM

Imagine walking into Dick’s Sporting Goods to make a gun purchase, something that’s entirely legal under the Second Amen . . .

RPT-Hedge Funds Raise Bullish Commodity Bets First Time in 5 Weeks

Sunday, 17 Mar 2013 17:13 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved