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Finance minister: Greece only has self to blame
Published: 27 Oct 12 09:03 CET | Print version
Online: http://www.thelocal.de/money/20121027-45807.html
Germany's finance minister Friday kept up the pressure on Greece to continue its reforms, as eurozone ministers prepared for a series of crucial meetings next week on the future of the crisis-hit country.
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"There are doubts over whether Greece has fulfilled its commitments up until now. These doubts must be dispelled in the future," added Schäuble, according to a statement released in advance byZDF.
Eurozone officials are poring over a Greek request for the terms of its bailout to be extended by two years to 2016, allowing it to spread out the pain of the austerity measures it has signed up to in return.
Such an extension, however, could add up to €30 billion to an already huge bailout bill.
A spokesman for the head of the eurozone finance ministers' group, Jean-Claude Juncker, said earlier on Friday that they would hold a conference call on Wednesday.
A team of auditors from the International Monetary Fund, the European Union and the European Central Bank is putting the finishing touches on a report that will decide whether Athens gets the next tranche of bailout cash
to stay afloat.
Greek Prime Minister Antonis Samaras has been trying to persuade his coalition allies to accept new austerity measures to close that deal but they have baulked at labour reforms demanded by the troika of creditors.
Without the aid payment, Samaras has warned, the country could be broke by the middle of next month.
Schäuble also lashed out at some Greek politicians who have sought to deflect the blame away from Athens.
"If politicians in Greece try to convince people that someone in Brussels, Europe or Germany is responsible for their problems, then they are irresponsible demagogues," he said, according to the text.
"Blame for the situation in Greece is down to nobody other than Greece and the Greek politicians," he said.
AFP/jlb
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Your comments about this article:
You can't keep putting austerity measures on top of austerity measures same as you can't get blood out of a stone.
He and his ilk will drive people into the hands of extremist parties as thats what happens when you remove hope and replace it with pain.
I don't think that the Greeks could prosecute their politicians because apparently it was perfectly legal for them to fiddle the figures, along with Goldman Sachs who arranged the creative accountancy scheme. Eurostat knew about it but the scam was not made public at the time and the Greek people were misled as much as anyone else about their ability to repay the loans.
Herr Schäuble is only pointing out what every individual should accept as a benchmark of life. Unfortunately, most rather choose to live in an existence of non-reality, which in the long term financially and socially is as bad as drug and alcohol addiction.
@Englishted - It's true, in 90 % of all cases everybody is wrong except Germany. What took you so long so realise that? Should not be a surprise at all.
Immer, Geld und Schuld.
The borrower (Greece in this case) was not forced to take the money. If they did not want to accrue more debt, nobody could force them to.
It is not about cooking the public figures, but about entering into commercial transactions (acquisition, loan contracts) that are not beneficial for the state that mandates you. That is the basis for prosecuting (corrupt) politicians. But apparently the Greeks had nothing against it. Or they find it hard to admit that a Greek might be faulty.
Merkel (and her friend sarkozy) came out from meetings in Greece with big contracts for German companies 3-4 years ago (submarines, guns etc)
Greece lost a huge amount of money in 2008 after trusting deutsche bank investments.
Schauble, go home