Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Schäuble prepared to quit over convictions

Share this article

Schäuble prepared to quit over convictions
The stance taken by Germany's flinty finance minister regarding Greece has played well with German voters. Photo: DPA
15:33 CEST+02:00
German Finance Minister Wolfgang Schäuble is prepared to resign rather than go against his convictions in negotiations on Greece's debt crisis, he said in an interview published Saturday.

Asked in the interview with Germany's Spiegel news weekly about the divergences between his tough stance on Athens and the more flexible approach of Chancellor Angela Merkel, the veteran politician admitted to "differences of opinion".

"That's part of democracy," he said.

For Schäuble, "each has their role to play.”

He signaled he would offer to quit if he concluded he no longer had a say in her government.

"Angela Merkel is chancellor, I am finance minister. Politicians derive their responsibility from their functions. No one can force them. If someone tried I could go to the president (Joachim Gauck) and ask him to dismiss me."

Asked if he was thinking about resigning, he replied: "No, what makes you think that?".

Schäuble said he and Merkel had an understanding: "We know we can count on each other."

So far Merkel has been able to draw on Schäuble's popularity among members of her conservative-social democrat coalition to garner grudging acceptance for a third Greek bailout.

On Friday, a large majority of lawmakers in the lower house of parliament gave Merkel the green light to start talks on the new rescue package -- but 60 members of her conservative CDU/CSU faction voted against.

Schäuble, a figure of hate in Athens where he sparked fresh outrage last weekend by floating the idea of Greece taking "time out" from the euro, described the new bailout plan as the "last attempt" to put Greece's finances to rights.

At home, his hawkish stance has played well with voters.

A poll in early July showed 72 percent of Germans supporting his approach.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university where students tackle real-world problems

Ranked among the world's best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement