|
|
|
Athens Macedonian News Agency: News in English, 14-06-01
CONTENTS
[01] German FinMin Schaeuble: Greece may need more help past 2014
[01] German FinMin Schaeuble: Greece may need more help past 2014
ANA-MPA -- Greece may need additional, limited, help, probably under 10
billion euros, German Finance Minister Wolfgang Schaeuble was reported
as saying in an interview for Focus weekly magazine that will hit the
German newsstands on Monday.
According to the interview, Schaeuble said that the second fiscal
adjustment programme for Greece, approved in 2012, would last for two
years and at its end Greece would not be able to cover its needs fully
through the markets. According to assessments by Greece's troika of
creditors, the country's debt will reach a viable level by 2022. For
this reason, he said, Greece was likely to need limited help once more,
provided it continued to fulfill the troika terms. The amount was likely
to be a single-digit one, he said.
Although the German minister acknowledged the heavy burden of the
programme on the Greek people, he said the reform process had to continue
if the country wanted to remain in the euro.
Asked whether he believed the eurocrisis is over, he responded that if
one referred to market nervousness, the crisis was over. But in terms of
the structural problems the eurozone faces, then despite great progress
achieved a lot remained to be done, he underlined.
|
