UPDATE 1-Germany’s CDU keeps pressure on Greece over aid

* Stability of the euro at risk so aid imperative – CDU

* Greece must show it is progressing on deficit cuts – CDU

* Opposition SPD calls for debate, likely to back aid

(Recasts with SPD, quotes, details)

BERLIN, April 26 (BestGrowthStock) – German Chancellor Angela
Merkel’s ruling coalition will back Greek aid because the euro’s
future is at stake, but Greece must first prove it is tackling
its budget deficit, a senior official in her party said.
“We said we would help if the euro’s stability is at stake,
we’re now in that situation,” Volker Kauder, parliamentary floor
leader of Merkel’s Christian Democrats (CDU), told German
television station ARD.

“However, firstly we need to check carefully that Greece is
pressing ahead with its deficit cuts. It’s not going to be
handed over on a silver plate,” he said. “We’ll have to help,
but the conditions for that have not yet been met,” he added.

Public opposition to a bailout for debt-stricken Greece is
widespread in Germany, and Merkel has consistently pursued a
tough line on offering potential aid.

Kauder said he expected the ruling coalition of
conservatives and pro-business Free Democrats (FDP) would back
any financial support for Greece in parliament.

“If the conditions are met, we’ll do it. The chancellor has
always said the last resort would be when the stability of the
euro is in danger. I think we’ll get the majorities in the
coalition then,” Kauder added.

Germany’s opposition Social Democrats (SPD) have threatened
to delay efforts to accelerate the legislative process of
approving any aid, and a senior member of the party said on
Monday it was important that any bill was properly discussed.

The SPD’s Petra Merkel, who heads the budgetary committee of
the Bundestag lower house of parliament, told ARD it was
important to hold a transparent public debate on Greek aid.

Asked whether her party, whose votes would not be needed to
get a bill through parliament, would block aid, she said:

“We won’t reject it. We’re going to look at exactly what’s
possible and what alternatives there are,” she said. “I also
think we’re likely to take the view that we’ll have to help.”

It was vital that aid for Greece did not encourage other
debt-laden euro zone members to follow suit, she added.

The SPD could slow down the parliamentary process by
demanding committee hearings to discuss the aid.

German Finance Minister Wolfgang Schaeuble is due to meet
parliamentary leaders in the coalition on Monday to discuss the
euro zone/International Monetary Fund aid package for Greece, of
which Germany could shoulder up to 8 billion euros.

(Reporting by Dave Graham; Editing by Toby Chopra)

UPDATE 1-Germany’s CDU keeps pressure on Greece over aid