FRANKFURT (MNI) – The German government is committed to quick
approval of Greek aid if current negotiations produce a satisfactory
package, because the stability of the euro is now at stake, Germany’s
Finance Minister Wolfgang Schaeuble said Wednesday.
“The goal of the German government is — if the meetings in Athens
with the Greek government, the IMF, the ECB and the European Commission
succeed — to come to a decision as quickly as possible,” Schaeuble said
in a joint press conference with European Central Bank President
Jean-Claude Trichet and International Monetary Fund Managing Director
Dominique Strauss-Kahn.
Schaeuble assured that he is confident the negotiations will be
concluded successfully.
“The stability of the euro is the question, the last resort
question. We’re seeking backing in the parliamentary groups for a speedy
process, by Friday. And then we’ll pass a corresponding law next
Monday,” Schaeuble added.
“The stability of the euro is at stake. And we’re determined to
defend this stability as a whole,” he asserted.
Schaeuble dismissed as “mere speculation” recent reports about an
increase in the total sum Eurozone governments might provide Greece over
the life of the three-year program.
“The stability of the euro is at stake, and we’re determined to
defend this stability as a whole,” he asserted.
–Frankfurt newsroom, +49-69-720-142; jtreeck@marketnews.com
[TOPICS: M$$EC$,M$$CR$,MGX$$$,MT$$$$,M$X$$$]
