BERLIN (MNI) – Germany does not support the idea of giving Greece
more time to repay its loans from the joint aid package of the European
Union and the International Monetary Fund, a German finance ministry
spokesman suggested on Monday.
“We are of the opinion that the existing body of rules which has
been set up for Greece by the ECB, the EU Commission and the IMF needs
to be executed now,” ministry spokesman Michael Offer said at a regular
government press conference now.
He acknowledged that the budget consolidation requirements call for
a large effort from Greece. In the view of Germany, though, Greece is
progressing well on that path, “and we are confident that Greece will be
able to come down from its high government debt,” Offer said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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