The German Finance Minister Wolfgang Schaeuble warned of the possibility of a surprising bankruptcy of Greece.
According to Schäuble, we should not be surprised if the Greeks suddenly no longer able to meet their financial obligations, he said in an interview with the Frankfurter Allgemeine Zeitung. “Experiences elsewhere have shown the world that something suddenly can happen.”
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Schäuble will not go into whether the German government or the euro countries had a contingency plan ready could indeed go bankrupt Greeks. “These are questions that you as a wise politician no answer to give. This avoids misunderstandings,” said the minister, who also do not have a timeframe want to speculate.
Inboard
The international lenders of Greece Monday hoping to make progress in the negotiations with Greece as a consultation is planned by the Eurogroup. Schäuble stressed the goal is to Greece ‘in appropriate circumstances’ being kept on.
Negotiations on reforms in exchange for financial support have intensified in the past week. The soil of Greece treasury comes slowly into view, but no euro country is willing to give loans if there is no agreement on reform measures. Earlier this week it was announced that there are approximately 7 billion euros on the table is for Greece.
Reuters
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