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> Economy

Schaeuble: ‘Not one euro in advance for Greece’

"Only when the program is adhered to"

Newsroom February 25 04:34

German FinMin Wolfgang Schaeuble on Wednesday warned that “not one cent will be given in advance,” referring to the Greek program, while he underlined that the condition for depositing the pre-arranged funds will be adherence to terms.

 

“There are no new terms in the program. The people were given the wrong idea,” Schaeuble said in an interview with SWR radio station.

 

“Only when the program is complete will there be any money given. If not, no more money will be given”, he curtly said, adding that many Germans have doubts on whether Greece will be able to live up to lenders’ expectations.

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In view of the bundestag’s Friday vote, however, MPs of conservative parties continue disagreeing.

According to the daily “Rheinische Post”, around 60 MPs of the CDU and CSU parties will not vote for Schaeuble’s recommendation to extend the Greek program.

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