GREECE DEBT DEAL IS OFF! Germany halts bail out demanding MORE austerity and pension cuts
GERMANY says it will not support a bail out deal for Greece until it pushes through laws to cut pensions and inflict more austerity on its citizens.
By SIOBHAN MCFADYEN
Express.co.uk
Thu, May 4, 2017
The country issued a clarification yesterday saying that no deal had been reached until Greece passes laws to mandate up to 18 per cent in pension cuts.
Greek ministers emerged from 12-hour talks in Athens on Tuesday to announce a deal had been reached with the country’s leaders.
They were supported in their rhetoric by European Union commissioner Pierre Moscovici who issued a statement lauding the apparent agreement.
He said: “The agreement reached overnight in Athens on the Greek Stability Support Programme is a very positive development following months of complex negotiations”.
Now German Finance Minister Wolfgang Schäuble who is meeting with European finance ministers in Malta later this month has clarified the situation saying no deal has been reached.
And he has given Greek Prime Minister Alexis Tsipras an ultimatum that he do what the country orders him to do or the deal is off.
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