Germany 'not ready to write blank cheque' for Greece: minister

25th April 2010, Comments 0 comments

Germany is "not ready to write a blank cheque" for Greece, Foreign Minister Guido Westerwelle said Sunday, after debt-stricken Athens appealed for an EU and IMF bailout.

His comments came despite warnings from the head of the IMF that speed was of the essence if a Greek bailout is to soothe money markets, after Germany earlier stressed it has the right to reject Athens' call.

"We are not ready to write a blank cheque," Westerwelle told the ZDF television channel.

"It is not at all agreed that Greece will actually receive aid from Europe... There will only be aid if there is no other way of stabilising our common currency," he added.

In an interview with the mass-selling Bild am Sonntag newspaper published earlier Sunday, German Finance Minister Wolfgang Schaeuble also underlined that Germany could refuse Greece's plea for emergency loans.

© 2010 AFP

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