German FinMin: It’s Up to Greece to Avoid Bankruptcy and Grexit
German Finance MinisterWolfgang Schaeublesaid on Monday that it is up to Greece to avoid aGrexitand bankruptcy, adding that the country’s partners are always willing to return to the negotiating table.
Speaking to “Brennpunkt” talk show on German public broadcaster ARD, he clarified that negotiations would have to start from scratch, as the current aid program expires on Tuesday.
He said Greeks must understand that if someone wants to stay in the euro, one has to create the circumstances.
Concerning the referendum the Greek government has called for next Sunday, July 5, over the creditors’ last proposal to Greece, Schaeuble said it is the country’s right, adding that he is not clear on what Greeks will be voting for. “Every nation is sovereign on which government to elect. Nobody intervenes in this from outside. We always say that this is a sovereign decision of the Greek people, as is Greece’s right to hold a referendum. That is not even a question. But others are committed by their own rules. You have to agree on that with the other. And this government has ruined any trust while it removed every basis from the current program,” Schaeuble noted.
He also said that Germany is ready to help Greece and the Greek people, but “Greece itself will have to create the conditions.”
Source: greekreporter.com
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