BUSINESS

Schaeuble says 'won't work' if Greece doesn't fulfil commitments

TAGS: Diplomacy, Economy, Politics

Greece must meet commitments it has made under its international bailout plans or else it will end up in an impossible position, German Finance Minister Wolfgang Schaeuble said on Friday.

"If Greece again and again does not do what it has committed to, eventually that will not work," Schaeuble told a business meeting in Saarbruecken in western Germany.

He later added: "The ECB is actually to blame for our problems - rather the problem is that the structure in the euro zone is such that we have a shared currency without a shared finance and economic policy and that the members - and the ECB never gets tired of saying this - aren't doing what they committed to doing."

[Reuters]

 

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