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Monday, May 18, 2015

Germany urges Greece to undertake reforms to unlock funds

By Michelle Martin BERLIN (Reuters) - German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning Athens in an interview that a third aid package would not be on the cards unless the Greeks made some changes. Finance Minister Wolfgang Schaeuble suggested on Monday that Greece might need a referendum to approve painful economic reforms on which its creditors are insisting, and Gabriel said such a vote might speed up decisions. Athens has said it had no plans for a referendum at the moment. Gabriel, head of the Social Democrats (SPD), Chancellor Angela Merkel's junior coalition partner, stressed that the Greek government needed to take action in any case.


READ THE ORIGINAL POST AT uk.news.yahoo.com