German Finance Minister Wolfgang Schaeuble did not rule out the possibility that Greece might be forced to take additional measures after 2018, when the third Memorandum expires. However, he said that would probably not be necessary.

During a press conference, he said that Eurozone’s finance ministers agreed that if after the completion of the program in 2018 there is still fiscal gap and is necessary, additional measures would be taken. He also reiterated that the measures taken this week were for 2016.

The German finance minister also stressed that Greece has made “great efforts” and admitted that it would not be possible to impose such reforms in Germany.

Referring to the previous program, Mr. Schaeuble said Greece could have exited memorandum in 2014, but this didn’t happen due to SYRIZA’s promises to stay in the Eurozone without proceeding to reforms.