FRANKFURT (MNI) – The implementation of the aid program for Greece
agreed to by the Eurogroup should send a clear signal that Greece will
not be allowed to collapse, Germany’s Finance Minister Wolfgang
Schaeuble said in a newspaper interview pre-released Tuesday.
The restructuring of Greece’s debt is “not a topic and nobody is
talking about this, who has a position in the [German] government,”
Schaeuble told Germany daily Handelsblatt.
What is important now is that “the aid program that we formulated
in the Eurogroup on April 11 be made concrete and implemented and with
that to send a clear signal that we will not allow Greece to fall,”
Schaeuble said.
The government is “pushing for fast decisions” regarding Greece,
Schauble insisted.
According to the German government’s conception of the process,
details of the IMF aid program could be arranged by the weekend,
Schaeuble, and on Monday the German cabinet could reach the appropriate
decision, which would then fall to Germany’s parliament, the Bundestag,
Schaeuble told the paper.
The bill might then “possibly” reach the Bundesrat [Germany's upper
house] on May 7, he said.
The paper wrote that the Bundesrat cannot stop a possible law on
Greek aid, but it could slow the process.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$$EC$,M$$CR$,MGX$$$,MT$$$$,M$X$$$]
