German Finance Minister Wolfgang Schaeuble said he would not support as new bailout for Greece if the International Monetary Fund decides to stay away form the current Greek program.
Speaking to Bloomberg at the World Economic Forum in Davos, Schaeuble said
“The Greek program is based from the very beginning in 2010 on the participation of the IMF.”
He said that if the IMF refuses to join, it will be a sign the Greeks aren’t sticking to their commitments and “the program will be ended because the precondition of the program, the basis, is destroyed.”
Moreover, Schaeuble argued that would be impossible to obtain the approval of the German parliament for a bailout program for Greece wihtout the IMF.
“I would not give the advice that we should try to get the permission of German parliament,” he said. Lawmakers would say that if Greek authorities “are not able, with all the flexibility granted by European institutions, to stick to what they have approved, the precondition for a program is no longer” there.
On Wednsday, German BILD claimed that Schaeuble was preparing a new bailout for Greece without the IMF participation. Later, the German finance Ministry dismissed the claim.
In Davos, Schaeuble put the things right.
Tomorrow, Schaeuble will ….
PS I suppose, that Schaeuble just like IMF’s Poul Thomsen are 100% certain about the future because they read the future in a Greek coffee cup.
But no Raki for Healthcare, do they get Cannabis for free for their pain in the seat? German-Greek restaurant association should invite him to a malaka-binge.
He must resign for lying to his voters about his tricky emergency exit plan(s).
Wolfie sells BS to the idiots. His purpose in life is to keep on loading loans on Greece so that the debt colony remains his for ever. This will enable him to load more taxes on the shoulders of the Greeks, which will be impossible to be paid. His Quislings here, then, will confiscate all private property for one tenth of its value and serve it over to his vultures. Clever plan: you loan five, you reap 50. And the best of all: the five you loaned are not ever yours!
Why are the Greeks so stupid not to understand this simple game?
That suits his plans all along then. German banks are safe now -unlike back in 2011- and not exposed so much anymore. Hell, they -and others- got a EU taxpayer backed bailout and “laughed all the way to their own banks”.