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World

Debt-ridden Greece doesn’t KNOW what it’s doing: German minister makes HUGE dig at Greeks

Debt-ridden Greece doesn’t KNOW what it’s doing: German minister makes HUGE dig at Greeks
Newsexplored
27th January 2017
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Wolfgang Schäuble and Alexis Tspiras GETTY

Wolfgang Schäuble has earned Greece doesn't know what it's thinking

Federal Minister of Finance Wolfgang Schäuble accused the stricken Mediterranean country of shirking its responsibility to turn its economy around.

Greek prime minister Alexis Tsipiras is in a race against time to prove to the European Union that he is capable of turning the country’s capital markets to profit while keeping to his commitments on €86billion in loans.

Alexis Tsipras GETTY

reece’s crumbling position has raised fears that the country could still collapse

I do not know what the Greek government is thinking that it so far has not done what it has committed itself to so many times

Federal Minister of Finance Wolfgang Schäuble

But Mr Schäuble said: "I do not know what the Greek government is thinking that it so far has not done what it has committed itself to so many times.”

The stricken Mediterranean country remains the biggest threat to the future of the EU despite seven years of gruelling recession and austerity imposed from Berlin and Brussels.

Greece’s crumbling position has raised fears that the country could still collapse, dragging the Euro currency down with it.

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And now two years after he pledged to end "austerity" and fight back against "humiliation and suffering"the Greek leader has failed to live up to his pledges.

Euro burning GETTY

There are fears for the eurozone

Europe in Crisis
Thu, January 19, 2017


Terrorism, migrants, and crippling debt: is this the end of Europe?




Play slideshow

Nobel Prize - Winning Economist And Columbia University Professor Of Economics Joseph Stiglitz Interview

1 of 4

‘Worse than the great depression’ Renowned economist warns of BLEAK future for Eurozone

Euro finance ministers have urged Greece to speed up the reform process because of approaching elections in the Netherlands and France.

Eurogroup CEO Jeroen Dijsselbloem said: "A quick conclusion of the ongoing second review is in everyone's interest.”

Cracks are starting to appear in the Eurozone as upcoming elections in the Netherlands and France fast approach.

Greek prime minister Alexis Tsipras GETTY

Greek prime minister Alexis Tsipras is under pressure to pull his country from the ruins

Sven Giegold, from the Green European delegate, said: “The Eurogroup has to agree to resume negotiations with Greece as soon as possible before the election marathon in the Netherlands, France and Germany.

"We must prevent Greece from slipping back into a crisis like the summer of 2015, when the country was on the verge of bankruptcy.”

It comes after the Federation of Greek Enterprises (SEV) this week warned in its most recent bulletin of a risk for country's exit from the European Union.

Original Article

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