Saturday 21 October 2017

Germany stresses 'trust issues' in Greek bailout talks

Greek prime minister Alexis Tsipras and Finance Minister Yanis Varoufakis, who have sought an extension of the bailout, realising the inherent weakness of their hand.
Greek prime minister Alexis Tsipras and Finance Minister Yanis Varoufakis, who have sought an extension of the bailout, realising the inherent weakness of their hand.
Michael Fuchs, deputy parliamentary leader for Angela Merkel's Christian Democrats

David Kearns

Germany no longer trusts Greece to honour its bailout agreements, says senior parliamentary figure.

Michael Fuchs, deputy parliamentary leader for the governing Christian Democrats, said that the Greeks had shown themselves as “untrustworthy” when it came to honouring deals made.

“Through all these days, we have had little reason to trust the Greeks,” he told RTE's New At One.

“Europe has little reason to trust any agreement signed by Greece because we already signed a contract that insist on certain austerity programmes to go along with all the bailout deals we made.”

“Now its new government there doesn’t want to fulfil its side of the agreement but still wishes to benefit from it.”

Read More: Greek exit of single currency would imperil Ireland and risk the entire euro project

Mr Fuchs said despite attempts by the new Syriza government to portray Germany has the roadblock to Greece’s recovery, he insisted that his government had a duty to ensure that Greece did not renege on its agreed austerity programmes

“It isn’t just Germany being the bad guy; everyone wants Greece to honour the terms of its bailout agreement.

“We have a responsible to our tax payers and to those throughout Europe that funded this bailout.”

“We want to see Greece recover and we will help them as much as we can but they need to do something in return.”

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