German Finance Minister Wolfgang Schaeuble said Tuesday there cannot be any new negotiations about the Greek budget consolidation and reform program agreed with the EU and the IMF.
“It is clear that all conditions from the program agreed only at the start of the year must be met,” Schaeuble said in a speech in the German parliament.
“If this would not be the case then confidence would be again destroyed and contagion risks for the whole Eurozone would be again increased,” the minister argued.
“That is why there cannot be new negotiations on that point,” he stressed.
Schaeuble also announced in his speech that the German government will present a second supplementary budget for this year to finance its E1.6 billion share in the capital increase of the European Investment Bank.
However, the federal net new borrowing ceiling for this year of E32.1 billion will not be raised, he said.
(source: MNI)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
