Wolfgang Schaeuble takes the podium in the Bundestag

  • We must agree that we must help Greece
  • Way toward helping Greece is very complicated
  • 3rd program is the last attempt to solve Greek crisis
  • Haircut is ruled out under European law (Eh? what did Greece get last time then?)
  • Reality is that we need to find a way to help Greece get back to markets
  • We need to find a realistic way for Greece to return to financial markets without a haircut
  • We believe we can bring negotiations to a successful end

And he's done

A very animated Schaeuble

A German finance ministry spokesman pops up to say that there is now deadline of Greek negotiations and that we're talking about weeks at least