German Finance Minister Wolfgang Schaeuble said Oct. 7, that Chancellor Angela Merkel’s trip to Greece this week does not mean the debt-stricken country will receive the next tranche of aid for its bailout.
“The chancellor will not discuss with Greece a matter which the Troika must report on first,” Schaeuble told broadcaster ZDF in an interview, referring to the Troika of the International Monetary Fund, European Union and European Central Bank.
Greece is stuck in tough negotiations with the Troika inspectors over a new wave of budget cuts for the next two years, a condition for getting the last installment of a 109 billion euro bailout that is keeping the country afloat. A second bailout of 130 billion euros is on hold.
“Greece must fulfill its obligations for the next tranche to be paid,” said Schaeuble.
(source: Reuters)
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