Schaeuble willing to discuss extending Greek bond maturities (a bit)


First we take Athens, then we take Washington. German Finance Minister Wolfgang Schaeuble holds a news conference after a special Eurogroup Finance ministers meeting on the Greek crisis, in Brussels, Belgium, 14 August 2015. Eurozone finance ministers on 14 August approved Greece's third bailout package in five years moving within reach of a deal that will commit the near-bankrupt country to wide-reaching reforms in return for urgently needed funds. The decision paves the way for national parliaments - including the German Bundestag - to vote on the three-year package, which sets a stringent timetable for Athens to cut spending and implement sweeping economic and social reforms.

After playing a major role in the framing the Greek programme, Germany’s Finance Minister is negotiating with the IMF

Germany's Minister of Finance, Wolfgang Schaeuble, hailed the Greek change in tone in bailout talks, but warned Europe he would closely monitor the pace of reforms in Athens. Few in Athens doubted he would.

"After truly arduous negotiations, they understand now in Greece that the country cannot get around real and far-reaching reforms," Schaeuble told the populist and powerful Bild am Sonntag tabloid. On Wednesday, the German Parliament is to approve the third Greek bailout rescue package. Th...

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