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Tuesday, August 11, 2015

Germany voices cautious on Greek 'business model'

The German government sounded a note of caution on Tuesday about a third bailout for Greece, saying the new programme must address the debt-stricken country's "business model" for the next three years. "We're talking about a programme for three years, it needs to be negotiated thoroughly," Deputy Finance Minister Jens Spahn told Germany's ARD television shortly before Greece and its international lenders said they had concluded a new bailout package. "It must be convincing that it's not just about Aug. 20," Spahn added.


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