Germany’s Schaeuble promises end to memorandums for Greece

Germany’s Schaeuble promises end to memorandums for Greece 1

Germany’s Schaeuble promises end to memorandums for Greece 2

Germany’s Finance Minister Wolfgang Schaeuble gave an optimistic look into the future for Greece on Tuesday, suggesting there will not be a fourth memorandum for the country.

Speaking with Deutsche Welle TV, Schaeuble said the aim of the current programme, is for Greece to tap the markets and meet its financing needs.

Schaeuble said also there is an in principle agreement on the political issues with the Eurogroup but on the technical issues there is still work to be done among the institutions.

“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 said.

Moreover, he said that the programme can only continue with the participation of the IMF otherwise it would be required the approval of the national parliaments.

GCT Team

This article was researched and written by a GCT team member.