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Greece must close 'bottomless pit,' says Schauble
Greek promises on austerity measures are no longer good enough because so many vows have been broken and the country that has been a «bottomless pit» has to dramatically change its ways, German Finance Minister Wolfgang Schaeuble said. In a hard-hitting interview with the Welt am Sonntag newspaper, Schaeuble also said it is up to Greece whether the country can stay in the euro zone as part of its efforts to restore its competitiveness. "The promises from Greece aren't enough for us anymore,» Schaeuble said. «With a new austerity programme they are going to first have to implement parts of the old programme and ... (full story)
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