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German Finance Minister says Greece must decide if it wants to stay in euro zone
March 7, 2017 / 12:26 PM / 6 months ago

German Finance Minister says Greece must decide if it wants to stay in euro zone

A man looks down as a Greek national flag flutters atop one of the bastions of the 17th century fortress of Palamidi under an overcast sky at the southern port city of Nafplio, Greece, February 19. 2017. REUTERS/Alkis Konstantinidis

BERLIN (Reuters) - Greece must decide whether it wants to remain in the euro zone, German Finance Minister Wolfgang Schaeuble said on Tuesday, adding Berlin is open to discussing debt relief for Athens in 2018 if such a step is needed.

He also said debt relief for Greece was not an issue at the moment and the goal was to complete the programme review.

“If the agreement is adhered to by all sides, I am confident it will work,” Schaeuble told reporters in Berlin.

He referred to the Eurogroup agreement from May 2016 that debt relief should, as a matter of principle, be looked at from 2018 and if, contrary to expectations, it is needed, such measures could be introduced.

Reporting by Michael Nienaber and Joseph Nasr; Writing by Madeline Chambers; Editing by Michelle Martin

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