Schaeuble Sees New Greek Bailout Risk as German Polls Loom
- Comments to newspaper signal departure on IMF participation
- Tough enforcement would also be needed under any new deal
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Finance Minister Wolfgang Schaeuble raised the prospect of renegotiating Greece’s bailout just as Germany heads toward elections, saying he’d have to seek lawmakers’ backing for a new program if the International Monetary Fund bows out.
“A solution within the European currency system” would be an alternative if the IMF “decided for some reason to stop participating,” Schaeuble said in an interview with Sueddeutsche Zeitung. That would require new bailout negotiations with Greece, and “the Europeans would have to be sharply better at enforcing the agreed conditions.”