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In the Media

article imageWolfgang Schäuble tells Greece to stop asking for more help

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By Katerina Nikolas
Jun 25, 2012 in World
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German Finance Minister Wolfgang Schäuble was in top form this weekend as he sent advice to President Barack Obama on handling U.S. finances, before throwing more barbed commands to Greece.
Schäuble was obviously rankled that Obama had deigned to put his two-penny's' worth in on the eurozone crisis. Reuters reported Schäuble said "Mr. Obama should focus on reducing the American deficit. It's higher than in the euro zone. You have to understand that people are always ready to give others advice quickly."
Repeating the Merkel mantra Schäuble added once again "We want more Europe." However, his vision of "more Europe" may not include Greece, as Schäuble is clearly tiring of the southern European's nation ineptitude when it comes to adopting German fiscal discipline.
The Telegraph reported Schäuble said rather bluntly: “The most important task facing new prime minister [Antonis] Samaras is to enact the programme agreed upon quickly and without further delay instead of asking how much more others can do for Greece.
Greece hasn’t tried enough so far, that has to be said quite clearly… no one on Earth who has followed this issue would think that Greece has fulfilled what it has promised.”
He went on to stress that Greece has forfeited the trust of Europeans, saying "The ball is now in Greece's court. It's in their hands to win back the confidence of the people of Europe. They're only going to accomplish that with concrete actions and deeds."
Brussels and Germany are all too well aware that a third bailout to Greece will be necessary and that the new coalition government, led by the party Brussels wanted in charge of Greece, wants to renegotiate the repayment terms.
Greece however, will not be represented by the new prime minister at this weeks EU summit as he has been ordered by doctors not to travel. Also there are already hints that the newly appointed Finance Minister Vassilis Rapanos may return to his post at the National Bank of Greece as doctors have advised him the government post may be too stressful in light of his sudden ill health.
article:327306:17::0
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