Berlin examines easing of austerity for Greece to offset refugee pressure, Deutsche Welle reports
According to the “German Journalist Network” (Redaktions Netzwerk Deutschland) Chancellor Angela Merkel examines changing her management strategy due to the irresistible pressure exerted by the refugee crisis, both on Greece and Germany.
Greece can therefore look forward to enhanced European solidarity, for example, during the upcoming Eurogroup deliberations as long as it steps up its efforts to secure EU’s external borders.
On her part, the German Chancellor intends to increase the pressure on its European partners so that they show more solidarity towards Greece and at the same time produce more tangible results in the upcoming Refugees Summit on March 7.
Schaeuble: No imminent risk of bankruptcy
In this spirit, after the G20 meeting of finance ministers and central banks in Shanghai, German Finance Minister Wolfgang Schaeuble stated that despite the “extremely difficult situation” Greece “faces no imminent risk of bankruptcy.”
“I know the financing needs of Greece,” said Mr. Schaeuble adding that Greece should focus on respecting the agreements reached in the European support program while being under pressure because of the refugee crisis.
“This does not make things easier“, the German minister admitted clarifying that, “Greece has received great solidarity from Germany but smaller from other EU member countries. For this reason we struggle, primarily through the European Commission to make ends meet with this European challenge. This is naturally in the best interests of Greece.“
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