German Finance Minister Wolfgang Schaeuble said “the financial assistance program to Greece will expire on June 30, this is the deadline given to Greece.”
Schaeuble spoke on Friday in a news conference following a meeting of finance chiefs of the Group of Sevenindustrial nations in Dresden, Germany.
“The positive news from Athens is not fully reflected in the talks with the three institutions,” he said.
Asked about Germany’s responsibility to solve the difficult Greek issue, Schaeuble said, “We are aware of our responsibility and we will do everything to do justice to this responsibility but this is not just a responsibility for one country, not just a responsibility for Germany It’s a responsibility for the euro zone as a whole.”
France’s Sapin says Greece must hurry because time is running out
French Finance Minister Michel Sapin stressed the need for acceleration of talks between Greece and its creditors so that a deal is reached within the next few days or weeks.
“The talks are progressing faster but not yet fast enough to conclude,” Sapin told Bloomberg in Dresden.
Sapin said that besides the technical talks between the two negotiating teams, a deal is also a matter of political decision. “Everyone needs to be in a discussion mode that is sufficiently hurried, sufficiently concrete, sufficiently technical but also sufficiently political to reach an agreement in the coming days or weeks.”
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