EUROZONE-GREECE/GERMAN GOVERNMENT If no agreement with Greece by Sunday, must consider other options - Germany

Record ID: 148055

  • Title: EUROZONE-GREECE/GERMAN GOVERNMENT If no agreement with Greece by Sunday, must consider other options - Germany
  • Date: 8th July 2015
  • Summary: BERLIN, GERMANY (JULY 8, 2015) (REUTERS) GERMAN GOVERNMENT NEWS CONFERENCE ROOM VARIOUS OF NEWS CONFERENCE IN PROGRESS GERMAN FINANCE MINISTER SPOKESMAN MARTIN JAEGER AT NEWS CONFERENCE NEWS CONFERENCE IN PROGRESS (SOUNDBITE) (German) GERMAN FINANCE MINISTER SPOKESMAN MARTIN JAEGER, SAYING: "If we don't come to a solution on this by the weekend, by Sunday, then, if necessa
  • Embargoed: 23rd July 2015 13:00
  • Keywords:
  • Location: Germany
  • Country: Germany
  • Topics: General
  • Reuters ID: LVA3KG97P7DAZIQ00RVJJGMJ8TSQ
  • Aspect Ratio: 16:9
  • Story Text: If European creditors do not manage to agree by Sunday (July 12) to start talks about a third bailout program, it will be necessary to start thinking about other options, a spokesman for the German finance ministry said on Wednesday (July 8).
    "If we don't come to a solution on this by the weekend, by Sunday, then, if necessary, we'll have to think about other scenarios," spokesman Martin Jaeger said at a regular government news conference.
    The German government does not see any reason to grant Greece either a classic debt haircut or any other measures that would slash the value of money on loan to the crisis-ridden country.
    "At the moment and in principle we see, as the chancellor said expressly in her press conference in Brussels, no occasion at all to discuss this issue - there is no leverage or basis for that. That refers to a haircut in the classic sense but I explicitly add we also take that to mean measures that aim to bring about a reduction in the cash value of debt - those are things that you hear in discussions under profiling, restructuring and similar things," he added.
    Asked about the possibility of a Greek exit from the eurozone, Jaeger said the German government was prepared for all conceivable developments.
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