Ferrero appointment.

ing more... For Greece it is a long, hard road.” On Sunday the German minister had said that Greece must carry out structural reforms instead of receiving further debt relief if it wants to achieve sustainable growth and stay in the eurozone. Asked by Bild am Sonntag whether it might be time to tell German voters that a debt forgiveness for Greece was inevitable, Schaeuble told the newspaper in an interview: “That would not help Greece. Athens must finally implement the needed reforms. If Greece wants to stay in the euro, there is no way around it – in fact completely regardless of the debt level.” Schaeuble, a senior member of Chancellor Angela Merkel’s conservatives, said the Greek budget was hardly burdened by debt repayment after its Eu-

Ferrero, maker of Nutella chocolate spread, has appointed Jerome Gregoire, currently head of the company’s operations in Greece, Cyprus and Malta, as managing director at Delacre, the biscuit maker it has just bought from United Biscuits.