German Finance Minister Wolfgang Schaeuble expects a final agreement on a “cash for hervormingen’ deal between Athens and creditors at the meeting of the Eurogroup Monday. “I do not see it happen that everything will be resolved,” said Schäuble in an interview with the Frankfurter Allgemeine Zeitung, reports Reuters.
insolvency
The German minister seems the financial situation of Athens is not very good and he knows not whether the Greek government does have an exact overview of its finances.
“Such processes have irrational elements,” warns Schaeuble. “Experiences have let the rest of the world that a country can suddenly become insolvent.
keep Liquide
Greece expects its economic growth this year will be only one-third of the growth rate that the previously budgeted for this year ‘suggests that a government plan, according to Reuters. The government has called on state institutions to drop excess cash at the central bank put its finances in order to maintain liquidity, according to Reuters.
On the question Schaube whether Germany is willing to let Greece go bankrupt, he replied: “There are questions that should not answer a responsible politician”
Merkel prepared to deal
He reiterated that Germany will do everything to Greece to keep the euro zone ‘under reasonable terms, “and he added, according to Reuters added that Greece not’ should we perish.”
Reuters reports further based on a source that Chancellor Angela Merkel would be prepared a deal whereby Greece continues to receive financial support for bringing an increasingly skeptical parliament, provided that the Greek Prime Minister Alexis Tsipras is seriously committed to reform.
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