Monday, 27 June 2011


Berlin Warns Athens Over Austerity Plan

'German Finance Minister Wolfgang Schaeuble says the stability of the entire eurozone would be in danger should Greece fail to pass a new austerity package. Schaeuble pointed out that Greece will not receive its next tranche of international aid unless its parliament passes the package on June 29.

“If the package is rejected, which nobody expects, it would be a reason for the IMF (International Monetary Fund), the eurozone countries and the European Union not to release the next tranche of aid,” the German minister was quoted as saying by the Associated Press on Sunday.'

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