Germany’s Schaeuble presses back in Greece debt relief row

BERLIN Reforms agreed by Greece are “exceptional” but the Greek economy is not yet competitive and Athens should push ahead with implementing its existing reforms-for-aid program, German Finance Minister Wolfgang Schaeuble said on Monday.Schaeuble, a conservative, stuck to his position that Greece need to implement its existing program after German Foreign Minister Sigmar Gabriel, a Social Democrat, earlier required the euro zone make a concrete dedication on debt relief to Greece. “We are not speaking about a new program however the application of the program agreed in 2015,” Schaeuble said.” At the end of the program, in 2018, we will, if required, put in location additional steps that we have defined.”

“It has to do with one goal – particularly to assist Greece become competitive,” Schaeuble said, adding Greece was not there yet.

(Reporting by Noah Barkin; Composing by Paul Carrel)


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