Germany must do all it can to keep Greece in euro - foreign minister

Image
Reuters BERLIN
Last Updated : Feb 22 2017 | 12:42 AM IST

BERLIN (Reuters) - Germany should do all it can to keep Greece in the euro zone, German Foreign Minister Sigmar Gabriel said in an interview, amid renewed tensions between Athens and its international creditors over its bailout programme.

Greece and its creditors agreed on Monday to resume talks on a review of the bailout, easing a standoff which had threatened to block the disbursement of another tranche of its 86-billion-euro ($90-billion) financial aid programme.

"I think it's only right that a country as big, strong and stable as Germany does everything it can to keep Europe together," Gabriel told the Funke Mediengruppe newspaper chain, according to excerpts of the interview due to be published in full on Wednesday.

"Athens should stick to the agreements it once made and we should join forces to do everything to finally get the country and its afflicted people back on their feet again both economically and socially - within the euro zone," said Gabriel, a member of the Social Democrats (SPD), the junior partner in Chancellor Angela Merkel's ruling coalition.

Earlier this month the German government said it remained united on the need to stabilise the Greek economy despite indications of divergent views between the conservatives and the SPD.

On Tuesday a senior conservative lawmaker, Hans-Peter Friedrich, told Reuters in an interview he believed Germany would not back further loans to Greece if the International Monetary Fund withdraws from the bailout programme.

(Reporting by Michelle Martin; Editing by Gareth Jones)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 22 2017 | 12:27 AM IST

Next Story