Schauble: “No need for a fourth program for Greece”

Still a lot of work to be done on the technical issues

The German Finance Minister Wolfgang Schauble stated on Tuesday to Deutsche Welle TV that “there will be no fourth memorandum for Greece”.

According to him “the aim of the current programme is Greece to tap the markets and meet its financing needs”.

He added that there was an initial political agreement on the Eurogroup agreement, but there is still work to be done on the technical issues.

“I hope that the institutions will soon find a solution. This is for the best of Greece and Europe. And I hope that political discussions will not open again,” he stated .

He also repeated his view that the programme can only continue with the participation of the IMF otherwise it would be required the approval of the national parliaments.