German FinMin Warns Greece to Fulfill Bailout Program Commitments

Greece must fulfill its commitments under the bailout program or else it will end up in an impossible position, German Finance Minister Wolfgang Schaeuble said on Friday, according to Reuters.

Schaeuble spoke at a business meeting in Saarbruecken in Germany and referred to Greece’s bailout program. “If Greece again and again does not do what it has committed to, eventually that will not work,” he said.

The German finance minister further said: “The ECB is actually to blame for our problems, rather the problem is that the structure in the euro zone is such that we have a shared currency without a shared finance and economic policy and that the members — and the ECB never gets tired of saying this — aren’t doing what they committed to doing.”