• Germany's news in English

Vice-chancellor: 'horror' of Greek exit has gone

The Local · 23 Jul 2012, 08:11

Published: 23 Jul 2012 08:11 GMT+02:00

Facebook Twitter Google+ reddit

Rösler told ARD public television that Athens' partners would wait for the progress report of the troika of Greek creditors - the European Union, International Monetary Fund and the European Central Bank.

"Nevertheless I have to say I am more than sceptical," said Rösler, who is also head of the pro-business Free Democrats (FDP), junior partners in Merkel's centre-right coalition government.

"Unfortunately it is likely that Greece will not be able to fulfil (the troika's) requirements. And I say quite clearly, if Greece fails to comply with the requirements that there should be no more payments to Greece."

He said that an end to further international support might prompt the Greeks to conclude "that it is perhaps smarter to leave the eurozone."

"I think for many experts, for the FDP, for me, that an exit by Greece from the eurozone lost its horror a long time ago."

Troika auditors are expected in Athens this week for a close inspection of the economic programme rolled out by the country's new government.

Their report will determine whether Greece will receive fresh loans of €31.5 billion ($38.3 billion) by September due under its debt rescue programme.

Rösler and his party have frequently expressed doubts about whether Greece is prepared to follow through with the painful reforms necessary to stay in the single currency club.

Story continues below…

The FDP is struggling in voter polls to stay above the five percent required for representation in parliament ahead of next year's general election.


The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

11:51 July 23, 2012 by smart2012
This is the vest way to give insecurity to markets.. And destroy Europe.. And get closer to a ww3.

Well done merkel
12:26 July 23, 2012 by cobalisk
Umm, the article is about Rösler, not Merkel.

Merkel is the Chancellor and she is a woman. Blaming her is unwarranted.

Rösler is known for attention grabbing pronouncements which seldom, if ever come to pass.

The risk of warfare over Greece is quite small. The markets are panic driven so yeah, his comments are totally not helpful, my portfolio is bleeding all over the place today thanks to his latest publicity stunt. However, markets do not make war, I think the risk of WW3 is quite small fortunately.
16:48 July 23, 2012 by Beachrider
ww3 over Greece? Economic realignment, for sure. No wars
19:19 July 23, 2012 by Englishted
News flash !!

Look what is happening in Spain today (Monday) ,maybe the horror of Greece ,Ireland , Spain and Italy leaving may bring this nobody to what little senses he has.
08:35 July 28, 2012 by blacky
low level speculator, searching for some votes .... to keep the chair .....

bloody complex .....

i would like to know the "short" of the day .......
Today's headlines
Creepy clown scare spreads to Germany
Two of the clowns were apparently equipped with chainsaws. Photo: Pedro Pardo / AFP file picture

Police said Friday five incidents involving so-called scary clowns had occurred in two north German town, including one assailant who hit a man with a baseball bat, amid fears that Halloween could spark a rash of similar attacks.

Student fined for spying on women via their webcams
Photo: DPA

Student from Munich fined €1,000 for spying on 32 different computers, using their webcams to take photographs, or record their keyboard history.

This is how much startup geeks earn in Germany
Photo: DPA

A comprehensive new survey of 143 startup founders shows how much you are likely to be earning at a German startup, from entry level all the way up to sitting on the board.

Man dies after beating for peeing near Freiburg church
The Johannes Church in Freiburg. Photo Jörgens Mi/Wikipedia

A middle-aged man from southern Germany has died after being attacked by a group of men who took umbrage with the fact he was urinating in the vicinity of a church.

The Local List
Seven German celebrities with uncanny doppelgängers
Former Berlin mayor Klaus Wowereit and actor Alec Baldwin. Photo: DPA; Gage Skidmore, Wikimedia Commons

Check out these seven look-a-likes of well known German figures - we admit that some are more tenuous than others...

Israel seeks to buy three new German submarines: report
A Dolphin class submarine. Photo: DPA

Israel is seeking to buy three more advanced submarines from Germany at a combined price of €1.2 billion, an Israeli newspaper reported Friday.

Here’s where people live the longest in Germany
Photo: DPA

Germans down south seem to know the secret to a long life.

More Germans identify as LGBT than in rest of Europe
Photo: DPA

The percentage of the German population which identifies as lesbian, gay, bisexual or transgender is higher than anywhere else in Europe, according to a new study.

'Reichsbürger' pair attack police in Saxony-Anhalt
File photo: DPA.

A "Reichsbürger" and his wife attacked police officers on Thursday, just a day after another Reichsbürger fatally shot an officer in Bavaria.

Five things not to miss at the Frankfurt Book Fair
Photo: DPA

From consulting a book doctor to immersing yourself in an author's world with the help of virtual reality, here are five things not to miss at this week's Frankfurt Book Fair, the world's largest publishing event.

Sponsored Article
How to vote absentee from abroad in the US elections
10 things you never knew about socialist East Germany
Sponsored Article
Last chance to vote absentee in the US elections
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
Sponsored Article
How to vote absentee from abroad in the US elections
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd