BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble said
Tuesday there cannot be any new negotiations about the Greek budget
consolidation and reform program agreed with the EU and the IMF.
“It is clear that all conditions from the program agreed only at
the start of the year must be met,” Schaeuble said in a speech in the
German parliament.
“If this would not be the case then confidence would be again
destroyed and contagion risks for the whole Eurozone would be again
increased,” the minister argued.
“That is why there cannot be new negotiations on that point,” he
stressed.
Schaeuble also announced in his speech that the German government
will present a second supplementary budget for this year to finance its
E1.6 billion share in the capital increase of the European Investment
Bank.
However, the federal net new borrowing ceiling for this year of
E32.1 billion will not be raised, he said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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