According to Reuters, German Finance Minister Wolfgang Schaeuble has stated that he believes that Greece can have a more competitive economy once it undergoes the reforms specified by its eurozone lenders.
The statement from Schaeuble came on Monday as the German finance minister responded to questions regarding foreign lenders demanding that Greece maintain a primary surplus for the decade following the end of the bailout program which is set to happen in 2018.
When asked if he thought that this demand on Greece to continue the surplus was a realistic request to make of a country he stated, “I think for Greece it is realistic that they should carry out reforms to make themselves competitive. It’s about that, nothing more….For Greece it is a long, hard road.”
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