ISSN 2330-717X

Germany Threatens To Halt Financial Aid To Greece


German Finance Minister Wolfgang Schauble on Sunday warned the Greek government against not taking serious the EU threats to halt financial aid if the report of the Troika about her handling of the debt crisis was negative.

“Membership in a monetary union is an opportunity, but also a heavy burden. Measures for alignment are very difficult. The Greeks must decide whether they want to bear this burden,” he told Bild am Sonntag, Germany’s top-selling Sunday newspaper.

Bailout payments to Greece come with clear conditions, in order to assist the country in bringing its debt problems under control, Schauble said.

“Nobody should be under any illusion, without a positive assessment by the troika of the European Commission, European Central Bank and International Monetary Fund (IMF) that Greece is fulfilling its commitments, the next tranche cannot be paid.”

“Therefore the Greeks must be able to present figures that prove they are sticking to the plan.”

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KUNA is the Kuwait News Agency

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