Ger­many may give Greece some lee­way: Schaeu­ble

The Pak Banker - - FRONT PAGE -

Ger­man Fi­nance Min­is­ter Wolf­gang Schaeu­ble hinted his coun­try is will­ing to al­low Greece some lee­way as it strug­gles with the twin tasks of re­form­ing the econ­omy and car­ing for an in­flux of refugees. "The fi­nan­cial sit­u­a­tion is dif­fi­cult," Schaeu­ble told re­porters at a Group of 20 briefing in Shang­hai. "Greece is in the sit­u­a­tion that it is re­ceiv­ing a lot of sol­i­dar­ity from Ger­many but not from all the oth­ers."

Ten­sions over the han­dling of the re­gion's refugee cri­sis es­ca­lated on Fri­day as Greece de­nied an Aus­trian re­quest for talks and the Euro­pean Union's top im­mi­gra­tion of­fi­cial warned the deep­en­ing dis­cord risks disas­ter. The divi­sions are widen­ing ahead of an ex­tra­or­di­nary sum­mit of the EU's 28 lead­ers on March 7 called to take stock of ef­forts to se­cure the bloc's ex­ter­nal fron­tiers and mit­i­gate the in­flux of mi­grants. "We are strongly fight­ing to com­bine the Euro­pean tasks," Schaeu­ble said of the refugee cri­sis and eco­nomic re­forms in Greece. "Both come to­gether." Un­der­scor­ing the dif­fer­ing views, Dutch Fi­nance Min­is­ter, who heads the group of euro-area fi­nance min­is­ters, said ear­lier in Shang­hai that "there's no di­rect link" be­tween the refugee cri­sis and re­forms in Greece, and that the coun­try has to con­clude the bailout pro­gram as planned.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.