Germany’s Schaeuble Says Confident About Greece Deal in May

German Finance Minister Wolfgang Schaeuble said he doesn’t expect a “final” decision on Greece on Monday.

“The first part of what the institutions have to negotiate with Greece in the program review has been largely completed and now it’s about what do we do to bridge the differences in the forecasts of the future economic development” in Greece, Schaeuble told reporters in Brussels. “For that, we agreed on a contingency mechanism and that has to be put in more concrete terms.”

QuickTake How Greece Got Here

Schaeuble said the contingency package proposal is “sensible” and supported by everyone.

“That’s why I think that we’ll make quite some progress today and I continue to be optimistic that we’ll reach a solution in May,” Schaeuble said.

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