Schaeuble Opens Door to Greek Debt Relief Tied to Targets
This article is for subscribers only.
German Finance Minister Wolfgang Schaeuble opened the possibility of further Greek debt relief as he urged the country to stand by its commitments to scale back its debt and overhaul the economy.
On his first visit to Greece since it spawned the financial crisis in 2009, Schaeuble said there are no “shortcuts” to austerity even as he lauded the Greeks’ “determination.” The minister warned against focusing on possible debt relief for the country, though he signaled that Germany would be ready to talk if conditions were met in 2014.