Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Germany’s Roesler Says ‘Very Skeptical’ Greece Can Be Rescued

German Economy Minister Philipp Roesler said, “What’s emerging is that Greece will probably not be able to fulfil its conditions.” Photographer: Kay Nietfeld/AFP/Getty Images
German Economy Minister Philipp Roesler said, “What’s emerging is that Greece will probably not be able to fulfil its conditions.” Photographer: Kay Nietfeld/AFP/Getty Images

July 22 (Bloomberg) -- German Vice Chancellor Philipp Roesler said he’s “very skeptical” that European leaders will be able to rescue Greece and the prospect of the country’s exit from the euro had “lost its terror.”

Roesler, who is Germany’s economy minister, told broadcaster ARD that Greece was unlikely to be able to meet its obligations under a euro-area bailout program as its international creditors hold talks this week in Athens. Should that be the case, the country won’t receive more bailout payments, Roesler said.

“What’s emerging is that Greece will probably not be able to fulfil its conditions,” Roesler said today in an ARD summer interview. “What is clear: if Greece doesn’t fulfil those conditions, then there can be no more payments.”

Link to Company News:{2539Z GR <Equity> CN <GO>}

To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.