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Schäuble: Greece has made great progress, reforms pay off

Following the meeting with Evangelos Venizelos the German Minister of Finance stressed that reforms in Greece are paying off and the Europeans are ready to supply our country a precautionary credit line

Newsroom December 10 07:58

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Following the meeting between the Greek Deputy Prime Minister and Minister of Foreign Affairs with the German Minister of Finance in Berlin, Wolfgang Schäuble stated that Greece has made great progress and the reforms are paying  off.

According to Mr. Schäuble the reforms in Greece are paying off and the Europeans are ready to supply our country a precautionary credit line.

However, according to the German Minister of Finance the credit line will depend on the completion of the Greek program.

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From his side, Mr. Evangelos Venizelos said that the main factor for the Greek economy is a clarification of the political situation.

According to the Greek Minister of Foreign Affairs Greece is ready to present primary surplus and growth, while as noted, the country’s economy is in better shape.

As for the credit line that Mr. Shauble mentioned, Mr. Venizelos said that it will  be a protective measure.

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