Schaeuble: Greece is recovering faster than expected

He is more optimistic over Greece’s economic growth

German Finance Minister Wolfgang Schaeuble said Greece is recovering faster than expected and expressed his optimism over the country’s prospects.

Speaking at a conference on the sustainability of Germany’s fiscal condition, he said that now he is more optimistic over Greece’s economic growth.

He added, though, that Greece needs a more effective public administration.

He also stated that the crisis may have brought anti-popular fiscal decisions but underlined that this was the right way to achieve budget stability.