Saturday September 20, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
SPD candidate Steinbruck says Merkel must be upfront about Greek costs

German chancellor candidate Peer Steinbrueck warned in a newspaper interview released on Saturday that German taxpayers could get stuck with a large bill if Greece were to default on its loans.

Steinbrueck told Bild am Sonntag newspaper that Germany has so far only provided loan guarantees for Greece but that could end up costing German taxpayers billions of euros. He said the government should make that fact clear to the public at home.

"One must tell the people that Greece could default on these loans, said Steinbrueck, who will lead the centre-left Social Democrats (SPD) candidate against Chancellor Angela Merkel in next September's federal election.

"We in Germany have to make sacrifices to help hold Europe together. We're already part of a 'liability union', he added.

Many Germans, especially conservatives who support Merkel's Christian Democrats (CDU), are firmly opposed to any sort of collectivized debt in Europe and especially the creation of euro zone bonds.

Steinbrueck said so far Germany has not paid a single cent to Greece but added it was quite possible that could change.

"We were ready to pay money for the costs of German reunification - something all of our neighbors welcomed despite the bad experiences they had had with us, he said, referring to Germany's Nazi past. Now is time that we have to ask ourselves the question: what is Europe worth to us?"

Steinbrueck said that Greece will not be able to return to the capital markets for another eight years.

"We're going to have to build a bridge for this period and that's going to cost money, Steinbrueck said.

[Reuters]

ekathimerini.com , Saturday November 24, 2012 (18:29)  
Record sum of new debts to the state in August
Greece can meet its needs on its own
Cyprus civil servants strike called off
Elliniko investors eye Cyprus project warily
Results of probe into 20 Lagarde list names due soon
Members of the Financial Crimes Squad (SDOE) and tax inspectors involved in an investigation into the so-called Lagarde list of Greeks with Swiss bank accounts expect to be able to announce ...
Police refute reports of Jihadi training
Greece is not a training ground for Jihadis, the Greek police said in a statement released late on Friday in response to reports in the local media claiming that radical Islamists have been ...
Inside News
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Results of probe into 20 Lagarde list names due soon
2. Police refute reports of Jihadi training
3. Govt drafts plan to secure exit from memorandum
4. Greek commuters have relatively long wait
5. IKA uncovers benefits scam at Kerameikos branch
6. Man dies in well accident
more news
Today
This Week
1. Greece can meet its needs on its own
2. Record sum of new debts to the state in August
3. Results of probe into 20 Lagarde list names due soon
4. Climber rescued on Mount Olympus
5. Special guard arrested over extortion, bribery
6. Govt drafts plan to secure exit from memorandum
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. Lessons not learned
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.