RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Germany warns Greece over reforms as radical left rises Sat Dec 27, 2014 1:49 am | |
| Germany's finance minister warned Greece that any new government must respect commitments made by its predecessor, as the country moved closer to early elections that EU officials fear would be won by a radical leftist party.
Wolfgang Schaeuble spoke after German lawmakers last week backed plans to give troubled Greece a two-month loan extension while international creditors finish an audit to determine the release of its next 7.0 billion euros ($8.7 billion).
"We will continue to help Greece along the path of difficult reforms," Schaeuble said in an interview with Germany's Bild newspaper published Saturday.
But if Greece "decides to take another path, that will be more difficult," the conservative finance minister warned.
Greece moved a step closer on Tuesday to early elections that could undermine its international bailout and rekindle the eurozone crisis, after lawmakers failed for a second time to elect a president.
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