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Greece must agree to further conditions before second bailout, says Germany's Schauble
Date 13/05/2011 15:28  Author webmaster  Hits 1444  Language Global
13 MAY 2011

By Arthur Beesley | Irish Times

GERMANY IS hardening its stance in relation to any further request for bailout loans from Greece. Yesterday finance minister Wolfgang Schäuble said: “We will not be able to agree to further measures without clear conditions,” he said, insisting that Greece would have to do more.

Mr Schäuble’s remarks serve to intensify pressure on the Greek government even while Berlin says it awaits the outcome of the troika review. His intervention came as Greece’s sponsors have given their clearest indication yet that they are contemplating change to its bailout plan as the IMF and euro group chief Jean-Claude Juncker spoke of longer loan maturities.

While Germany is angling for time as a crucial EU/IMF troika mission to Athens continues its work, the signals from Mr Juncker and the IMF point to mounting anxiety about the progress of the troubled rescue plan.

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