ECONOMY

Austrian Fin Min says risk of a Grexit exists, Schaeuble says Greece must help itself

Austria’s Finance Minister Hans Joerg Schelling said it is still possible that Greece could end up leaving the euro zone given the dogged negotiations over further aid for the country.

“The danger exists,” Schelling said at a joint event in Vienna on Thursday with his German counterpart Wolfgang Schaeuble.

“From the moment that you have decided to have a common currency, you must assume the responsibility and follow the rules,” he said.

In an interview with Austrian television channel ORF, Schaeuble said Greece “has a duty to help itself.” “It has the responsibility and the ability to decide what will happen, it depends exclusively on [Greece],” he said. “And because we don’t know exactly what the authorities are doing in Greece, we cannot rule it out,” he said, apparently referring to the possibility of a so-called accident.

[Reuters, combined reports]