German Finance Minister: 'We Won't Let Greece Down'

Tuesday, 27 Apr 2010 02:48 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
German Finance Minister Wolfgang Schaeuble said Germany will not let Greece down and that the Berlin government is pushing for a quick decision on emergency aid for Greece.

In an interview to appear in Wednesday's Handelsblatt newspaper, Schaeuble said: "What has to be done now ... is to send a clear signal that we won't let Greece down."

Schaeuble took aim against members of parliament in Chancellor Angela Merkel's center-right government, which has expressed reservations about the Greek aid package.

"Let me say this clearly: this does not involve any debt restructuring, that's not an issue and that's not something that anyone in the government is talking about," Schaeuble said, according to an advance excerpt of the interview.

He added that the issue at hand is putting into concrete form and enacting an aid package formulated by the euro zone on April 11. He said that was needed to send the clear signal that Greece won't be allowed to fall.

Schaeuble added he had understanding for the wish of some deputies that banks be included in the rescue. But he said he did not know how that could be implemented without talking about restructuring debt "and destabilizing the situation further."

Schaeuble said that as a result restructuring was not playing any role whatsoever in the negotiations with the IMF, the EU Commission and the European Central Bank.

Schaeuble also said Germany did not have its foot on the brakes.

"We're pushing for a quick decision," Schaeuble said.

On Tuesday, Greece's debt crisis became more severe yet, when rating agency Standard & Poor's lowered the country's credit rating to junk status. S&P also lowered its credit rating for Portugal.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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