Greek rescue plan cannot be renegotiated: German minister

2nd November 2011, Comments 0 comments

Negotiations on a European plan to save Greece from bankruptcy cannot be reopened, German Foreign Minister Guido Westerwelle said on Wednesday.

"The whole programme we just agreed last week cannot be placed back on the table," Westerwelle said on the sidelines of an international conference on the future of Afghanistan in Istanbul.

His remarks came after Greek Prime Minister George Papandreou's announcement that he will put the European plan to a referendum in a bid to secure approval of his disputed economic policies without early elections.

"We are committed to solve the situation. For us there is no doubt that we will do everything," said Westerwelle.

"We showed solidarity in the EU but we accept that every country in the EU does its own homework which means reforms are necessary."

The EU deal agreed last Thursday after marathon talks in Brussels included an agreement to write off 100 billion euros ($137 billion) of debt owed by Greece, but the Athens government still has to implement a painful package of austerity measures to get its hands on bailout funds.

© 2011 AFP

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