No more financial aid for Greece if…
The head of Germany's central bank is warning that there would be no basis for further financial aid to Greece if the country backs off agreements with international creditors.
Bundesbank chief Jens Weidmann was quoted on Saturday as telling the daily Sueddeutsche Zeitung: «If Athens doesn't stand by its word, that is a democratic decision – but that means the basis for further financial aid falls away."
Weidmann's comments come as Greek politicians, divided over the value of austerity and reform measures that creditors demanded in exchange for rescue loans, flounder in efforts to form a new government.
Weidmann says that if Greece ended up leaving the euro «the consequences would be more serious for Greece would be more serious than for the rest of the eurozone."
Source: AP
Advertisement
- Fans make the Wanderers a good investment
- Do it like the Greeks says German consul
- Turkey condemns NSW's genocide recognition
- Tailor made coffee
- Mykonos: Something to 'Crowe' about
- Sisterly love to the end
- Greek community pays tribute to Hazel Hawke
- Fitch upgrades Greece's credit rating
- Recognising genocide
- Political history in the Arts
-
4
-
3
-
2
-
2
-
2
-
1
- 8 May 2013 | 13 Votes
- 3 May 2013 | 9 Votes
- 15 May 2013 | 9 Votes
- 13 May 2013 | 8 Votes
- 8 May 2013 | 8 Votes
- 22 May 2013 | 6 Votes
Advertisement
Advertisement
More from this Section
- Greek journalist arrested in Iran
- New scheme for 75,000 jobs starts in January
- A child goes missing ‘every day,’ police says
- Tax overhaul draft sees no declarations for single incomes
- Greek men affected by crisis
- Anti-racism bill might go back to coalition leaders
- Security fear at Muslim Assoc
- Volunteerism on the rise in Greece
- Greek shipowners choose Chinese shipyards
- Anti-racism legislation divides coalition
-
A child disappears in Greece every day and 97 minors are currently missing, including 23 victims of abduction, according to statistics of the Greek Police
-
Brisbane Roar midfielder Ben Halloran could be off to Fortuna Dusseldorf
-
The World Conference of Expatriate Physicians and Bioscientists of Greece and Cyprus held in Paphos, Cyprus
-
34,100 Greeks moved to Germany in 2012 with a 43 per cent jump
-
The Greek sponsored club tried for a second time to buy the club, putting $3.5 million on the table
-
Tv personality, Helen Kapalos was the guest of honour at Alphington Grammar's Mother's Day High Tea
-
Former Defense Minsiter Akis Tsochatzopoulos is in court over laundering kickbacks from procurement contracts
-
Known as Heracleion to the ancient Greeks the town lies 9 meters down the Mediterranean ocean
-
The annual tour to Adelaide will pass through Mount Lofty, Victor Harbor, Glenelg and the Barossa Valley
-
AEK Athens said it was preparing to declare bankruptcy and seek relegation to the third division
-
Senator Xenophon says current ballot rules are "stacked against independents" and has moved to create the Nick Xenophon Group
-
PAS Giannina upset PAOK at Thessaloniki to take the lead at the Super League play-offs
-
In Mykonos with her family, Kim Kardashian has slammed claims she was unhappy during her holiday in Greece
-
Greek basketball great Nick Galis honoured by his club Aris
-
Kathy Tsaples has written more than a cook book; Sweet Greek is a celebration of the Greek Australians who migrated to this country, and a lasting legacy for all her children
-
Turkey has condemned a move by the NSW Parliament to recognise as genocide Armenian, Assyrian and Greek deaths while Turkey was under Ottoman rule
-
Greek Financial Crimes Squad (SDOE) found that 25.6 percent of businesses and individuals whose books were checked for tax infringements were found to be in violation
-
Greek Australian director Alkinos Tsilimidos play Red recognised
Comments
Post new comment