Sunday, June 26, 2011

No Greek budget cuts, no bailout aid - German FinMin


















German finance minister Wolfgang Schaeuble warned that a veto of the Greek government's austerity plans by parliament this week could mean Athens will not receive a bailout tranche it needs to remain solvent.

"If the package is rejected, which no one expects actually, then the prerequisites would no longer exist for the IMF, EU and euro zone countries to release the next tranche of aid," he told German Sunday newspaper Bild am Sonntag. 





Reuters