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In the Media

article imageGerman minister denies Schauble spoke of imminent Greek euro exit

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By Katerina Nikolas
Jul 1, 2012 in World
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Berlin - The German magazine Focus carries a report in Monday's edition that German Finance Minister Wolfgang Schauble told conservative members of parliament on Friday to prepare for an imminent Greek bankruptcy and euro exit.
Deputy Finance Minister Steffen Kampeter dismissed as nonsense the report in Focus magazine. Ekathimerini reported Kampeter said Schauble merely talked about the need for Greek austerity and reforms.
However, To Vima reports that Focus has asserted its account of Schauble's remarks is accurate and that Schauble did indeed state to German parliamentarians that "the German government prepares for bankruptcy of the Greeks." Focus went on to report that the German government will use "trick" to reduce the resultant risks of a Greek eurozone exit.
The report claims Schauble said "The pending further report of the troika will come, as estimated by the German government, rather to the conclusion that Greece is behind schedule in meeting its obligations," and the negotiations which ensue will ensure the "states bankruptcy process is essential."
Digital Journal reported one week ago that Schauble was tiring of Greece and told the debt ridden nation to stop asking for help.
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More about wolfgang Schäuble, Greek euro exit, Steffen Kampeter
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