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Brüderle: Germany won't give 'one cent' to Greece

AFP · 5 Mar 2010, 12:12

Published: 05 Mar 2010 12:12 GMT+01:00

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"Papandreou said that he didn't want one cent - in any case the German government will not give one cent," Brüderle said on the sidelines of a meeting with European Union industry commissioner Antonio Tajani.

The remarks came ahead of talks in Berlin later on Friday between Papandreou and Merkel amid rising tension between the two countries.

Brüderle was referring to comments by Papandreou in Germany's Frankfurter Allgemeine newspaper published Friday.

"We are not asking for money," Papandreou said. "We need support from the European Union and our partners to obtain credit on the markets at better conditions. If we do not receive this aid, we will not be able to enact the changes we foresee."

Greece successfully raised an urgently needed €5.0 billion ($6.8 billion) with a bond issue on Thursday, but had to pay an interest rate significantly above 6.0 percent, or about twice the rate at which Germany can borrow.

Papandreou has made clear that he is looking for some form of expression of "solidarity" which would enable Greece to share some of the credibility attached to other eurozone governments, notably Germany, so that future bonds can be issued at a lower rate.

Germany, Europe's biggest economy, is widely seen as the most likely candidate to help prevent what would be a disastrous Greek default but there is strong opposition in the country against such a move.

Greek politicians have bristled over insulting headlines in the German press and editorials denouncing the corruption there, although Papandreou himself has acknowledged the problem.

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Media reports have suggested that for all the stern words, Germany is drawing up contingency plans behind the scenes including either bilateral aid, joint European action or help from the International Monetary Fund.

Merkel welcomed Greece's announcement Wednesday of a package of austerity measures as "an important step" towards cutting its budget deficit and restoring trust in Athens and the euro.

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Your comments about this article

12:59 March 5, 2010 by Jim09
i still don't believe that germany has the balls to pull this off...
13:45 March 5, 2010 by Eagle1
Giving Greece more money is akin to giving a drug addict more heroin. Greece needs to fix the problem on its own, although the changes it must make will be painful.
14:24 March 5, 2010 by trueman
greece was under german occupation during World war 2 and germans stole all the gold from the national bank of greece leaving it without money and people starved, young children died every day from starvation.

in 1990 greece lend germany 60 billion euros which germany never returned to greece.

Now, germany says thank you.
14:31 March 5, 2010 by The-ex-pat
Can we go one day at The Local without mentioning the war?
14:34 March 5, 2010 by trueman
can germany go anywhere without a war?
15:17 March 5, 2010 by Jim09
wow whats wrong with you?

germany is going without war for a long time now and did so before.

plus germany was crushed after ww2 more than any other country still they came back big time.

anyway you must be some stupid rednack or a greek lol so talking with you on this topic doesent make sense anyway
15:29 March 5, 2010 by duckys
To be honest,

I think that the War thing will always haunt Germany. However, it is correct, that Germany had nothing after the War as well and still managed to do good things.

It is inexcusable for politicians from Greece to be lying about there debt problems to the world... (Joining the EU and not announcing all debts...)

I do not understand why Germany should come to the Rescue about this as I don't see France, or any other EU nation giving money to them?

So in other words... Greece get off your arsch and get yourself a Job!!!
15:44 March 5, 2010 by Jim09
i dont think forever but sure it will take some time to end but newer genations already look at it differently

i mean trueman probably grew up with a grendpa sitting on the dinner table tellin him how bad the germans are.. that's what u get out of it..
16:13 March 5, 2010 by trueman
Jim09, at least I have grown up.
17:29 March 5, 2010 by mdspatsy
I have already more suffering stories on Greece economic positions and facing much hardship on many factors.

i have already written a detailed note by comments on day today happening in Greece in New York Times news website.

Here, after going this article, please don!t help or rescue Greece from economic disaster,being a European Union member, Germany can help to Greece by strict guidelines, new real rules at this critical juncture.

I know very well on Germany!s hard working people,multi racial personalities, economic growth and strong in world exports.

Please be a lending a hand to Greece for present scenes.
20:39 March 5, 2010 by locally
After the 2nd World war,when it seemed there was no hope,America and its allies stood by them(Germany) despite their atrocities till they got back on their feet.

Years later(now) their own fellow Europeans ask for their help and the answer is what we all just heard which stands to tell how wicked and heartless this people are.

Where is the LOVE...The love we should be sharing and preaching.

I am glad that at the end of every life event history always tells the full story and its account-Maybe History would say that Greece asked their friend and ally(Germany) for help and they coldly turned them down and advised them to sale or give in return for help their island(s)-(What a history that would make).

Hope Greece would rise real strong on their feet again.

My heart reaches out for you all.God Bless.
11:14 March 6, 2010 by baltog
Duckys! We have allready a job!! I;m neurologist and I work untill 10 pm every day in a private hospital in Athens! I pay every year about 100000 (not german euros) for taxes (because paradoxicaly I declare ALL the money I gain from my practice).

Greece has a budget problem which consern the public sector and the hole greek society. Greece is in EU (ECC in this time) since 1980.. (no connection with the budget problems). At this time the average income of the greeks was 65% of the main european (now is about 95% but you have to count the entries of the ex-eastern countries). The average income of DDR in 90ies was the 30%!!!!!!!! of the european. So think about like logical person WHAT IS MORE EXPENSIVE?? 1) the entrance of Greece in EEC (1980) OR 2) the DDR intergration in 90's??? (Merkel isn't ex DDR citizen?)

Let;s forgive (not forget) the WWII stories but this hysterical reaction from the (well known as cool!!) germans is inacceptable..Greece has a serius budget problem and a level of debt not far away from a considerable number of other european countries (and only PIIGS). So bacarefull becouse the times are not goods and normaly the EU in this period has to be strong not only economicaly but also politicaly. (yesterday Deutsche Bank was attacked by Moobys). So have a nice days ...and lets don;t make problems without reason (Greece has A LOT OF MONEY _dont be naifs- and when the situatiopn is really dangerous these money allways are back) So good day again and don;t worry your taxpayers ara safes!!!
21:23 March 10, 2010 by Prufrock2010
You're a neurologist? I thought you were a linguist.
02:00 March 13, 2010 by peschvogel
Germany will have to bailout Greece with its own taxpayer money or else its doom for the Euro and doom for German Banks. Too much capital at risk. However, unfortunate for the German taxpayer...Schade...
11:09 March 20, 2010 by baltog
Hey... Prufrock2010 maybe you don;t have in Germany well known neurologists ....but you have great humorists like you..!

P.S. German people ;re notorius for their humor...anyway
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