Greece will struggle to cut its debt load as envisaged by international assessors even with the return of modest economic growth next year, said German Christian Democratic Union lawmaker Michael Fuchs.
German government lawmaker Frank Schaeffler said Greece should be prepared to leave the euro region if it can’t push through enough austerity measures to cut its budget deficit, Handelsblatt said, citing an interview.
Frank Schaeffler, a lawmaker for the German Free Democratic Party, warned against a future permanent European rescue fund with its own banking license, Handelsblatt reported, citing a guest editorial from the politician.
Frank Schaeffler, the parliamentary finance spokesman for Germany’s Free Democratic Party, criticized Foreign Minister and FDP member Guido Westerwelle’s reform plan for the European Union, saying it’s not compatible with liberal principles, Handelsblatt reported on its website.
The European Central Bank’s Governing Council should publish the protocols of its meetings to allow the public to monitor whether its policy decisions are legal, German coalition lawmaker Frank Schaeffler said .
Chancellor Angela Merkel is considering easing Greece’s bailout terms, fanning tensions with members of her coalition who oppose giving the Greek government any more concessions, two German lawmakers said.
German Chancellor Angela Merkel is unlikely to get majority support from her government coalition for the European Stability Mechanism, German Free Democratic Party lawmaker Frank Schaeffler told Focus magazine .