Sunday, August 19, 2012

German finance minister: no new aid program for Greece

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Saturday that there were limits to the aid that could be granted to Greece and said the crisis-stricken country should not expect to be granted another program.

"It is not responsible to throw money into a bottomless pit," Schaeuble said at a government open day in Berlin. "We cannot create yet another new program."

Schaeuble also stressed that the euro was a stable currency and said there were no signs of inflation.

(Reporting by Thorsten Severin; Writing by Michelle Martin; editing by Ron Askew)

Source: http://news.yahoo.com/german-finance-minister-no-aid-program-greece-150125021--finance.html

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