Further aid to Greece will be small: Germany

23rd August 2013, Comments 0 comments

A third aid package for Greece will be much smaller than the two preceding programmes, German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday.

"We have held out the prospect of further aid, on condition that the government in Athens meet its agreed commitments and on the expectation the sums involved will be much smaller than before," Schaeuble told the business daily Handelsblatt.

Earlier this week, Schaeuble made waves by saying at a campaign event that Athens would need another rescue after 2014.

The comments, seen as marking a shift in Germany's position, came just a month before a general election where the issue could prove divisive since the country's taxpayers feel they have already footed the bulk of the bill for European rescue packages.

Chancellor Angela Merkel moved to defuse the issue by saying that any decision on a new aid package for debt-mired Greece would not come before next year.

But Schaeuble was unapologetic about the ripples that his comments had made.

"I don't want to be accused, after the election, of not having said the truth before the election," he said.

"I'm happy that the broad public is aware of what I've been saying for a long time, that we'll have to look next year at further measures for Greece," he told the daily.

© 2013 AFP

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