Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

14 January 2013

EUobserver: Schäuble - Greece has no alternative to austerity


German finance minister Wolfgang Schäuble urged Greek opposition leader Alexis Tsipras to drop his opposition to bailout-linked austerity measures, saying there is "no alternative" if Greece wants to stay in the eurozone.

Schäuble told Tsipras "unequivocally that there is no alternative to the path already taken, the implementation of an economic adjustment programme". The German minister urged Tsipras to back the programme, which includes recently-passed changes on income tax which Tsipras' party, Syriza, voted against.

For Tsipras, what matters more are the legions of unemployed people and hospital patients with inadequate care, whose situation, he said, is getting tougher each day as government slashes expenditure to please creditors and markets. "Austerity is like a bad medicine for the patient. We have to stop austerity", he said.

Full article



© EUobserver.com


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment