Schaeuble Says He’d Balk at New Greek Bailout Without the IMF
- German backing of Greece program hinges on IMF participation
- Finance chief warns German lawmakers wouldn’t stand for it
Schaeuble: German Inflation Likely Rises Up to 2 Percent
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German Finance Minister Wolfgang Schaeuble said he wouldn’t support a new Greek bailout if the International Monetary Fund declines to join the current program, saying Germany is sticking to its ground rules for the country’s financial lifeline.
“The Greek program is based from the very beginning in 2010 on the participation of the IMF,” Schaeuble said in a Bloomberg interview at the World Economic Forum in Davos. He said that if the IMF refuses to join, it will be a sign the Greeks aren’t sticking to their commitments and “the program will be ended because the precondition of the program, the basis, is destroyed.”