German FinMin: No Deal for Greece at Monday’s Eurogroup

22493131German Finance Minister Wolfgang Schaeuble said that he doesn’t expect a deal between Greece and its creditors at Monday’s Eurogroup session.

Speaking to German newspaper Frankfurter Allgemeine Sonntagszeitung on Saturday, Schaeuble said that it is very unlikely that Greece will get any funds in exchange of proposed reforms on Monday’s meeting of euro zone finance ministers.

“I don’t see that everything will be solved by then,” the German finance minister said.

When asked whether the German government was prepared for a Greek default, Schaeuble said: “There are questions that a responsible politician may not answer.”

Schaeuble also said enigmatically that, “Experience elsewhere in the world has shown that a country can suddenly become unable to pay its bills.”

However, the finance minister added that Germany would do everything to keep Greece in the euro zone “under responsible conditions.”

Speaking of his Greek counterpart Yanis Varoufakis and the friction they had in the past, Schaeuble said that they are both finance ministers and carry responsibilities, but they have a good cooperation.