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German finance minister: no new aid program for Greece
German Finance Minister Wolfgang Schaeuble said on Saturday that there were limits to the aid that could be granted to Greece and said the crisis-stricken country should not expect to be granted another program. "It is not responsible to throw money into a bottomless pit," Schaeuble said at a government open day in Berlin. "We cannot create yet another new program." With Greece in its fifth consecutive year of recession and social and political discontent rising, its Prime Minister Antonis Samaras is keen to soften the impact of budget cuts on society by extending the deadline international lenders set it. ... (full story)
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