ECONOMY

Schaeuble says must find option if Greece can’t cut pensions

schaeuble-says-must-find-option-if-greece-can-amp-8217-t-cut-pensions

German Finance Minister Wolfgang Schaeuble said on Wednesday alternatives must be found if Greece cannot deliver on pension reforms as Athens aims to complete a first review with its international lenders in April.

"If, for reasons that we know about, there is not much room for manouevre in pension reforms, then the three institutions must … together with the Greek government work on finding something else to do instead," Schaeuble told reporters.

"The debate about debt sustainability is unfortunately a debate about something that is not urgent," Schaeuble said, adding boosting competitiveness and implementing structural reforms were more pressing. [Reuters]