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German finance minister: Greece ‘needs austerity programs’

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AFP
May 20, 2012

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 one-way street … And then structural reforms in Greece are necessary in any case, there’s no more ‘we’ll muddle through as usual’.”

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This article was posted: Sunday, May 20, 2012 at 5:34 am





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