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German Lawmakers Reject Increasing Aid for Greece, Spiegel Says

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Jan. 28 (Bloomberg) -- Lawmakers from German Chancellor Angela Merkel’s coalition rejected increasing aid for Greece, Der Spiegel said, citing members of the parliament in Berlin.

There can be no further aid if Greece doesn’t implement the agreed adjustment programs, the magazine said, citing Horst Seehofer, chairman of the Christian Social Union, the Bavarian sister party of Merkel’s Christian Democratic Union.

Greece must show evidence that it’s serious about implementing structural reforms, the magazine cited Rainer Bruederle, head of the Free Democratic Party’s group in parliament, as saying.

All Greek parties must show the desire for fundamental change because there is increasing “annoyance” in Berlin, Der Spiegel said, citing CDU lawmaker Gunther Krichbaum, head of the European Affairs committee.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net