German Finance Minister Wolfgang Schaeuble said there’s agreement among euro-area governments that any decision on Greece will be taken after the International Monetary Fund, the European Commission and the European Central Bank publish their review.
Schaeuble said he doesn’t want to comment on statements by IMF Managing Director Christine Lagarde that Greece can be give more time for adjustments. Everybody in the euro area agrees that the troika report must be awaited, he said.
Schaeuble also said that nobody will push Greece out of the euro if it wants to keep the common currency and if it implements measures to overhaul its economy and cut its deficit. No euro-area country is thinking about giving up the euro or not defending the common currency, he said.
Furthermore, the German Finance Minister said proposals for the official sector to help cut Greece’s debt load can’t be part of a solution because it would prevent euro-region governments from extending any aid to Greece thereafter.
Schaeuble also said ECB President Mario Draghi has ruled out participating in any official-sector involvement, dubbed OSI. [Bloomberg]