UPDATE 1-Schaeuble says Germany won’t let Greece down

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BERLIN, April 27 (BestGrowthStock) – German Finance Minister
Wolfgang Schaeuble said Germany will not let Greece down and
that the Berlin government is pushing for a quick decision on
emergency aid for Greece.

In an interview to appear in Wednesday’s Handelsblatt
newspaper, Schaeuble said: “What has to be done now…is to send
a clear signal that we won’t let Greece down.”

Schaeuble took aim against members of parliament in
Chancellor Angela Merkel’s centre-right government who have
expressed reservations about the Greek aid package.

“Let me say this clearly: this does not involve any debt
restructuring, that’s not an issue and that’s not something that
anyone in the government is talking about,” Schaeuble said,
according to an advance excerpt of the interview.

He added that the issue at hand is putting into concrete
form and enacting an aid package formulated by the Eurogroup on
April 11. He said that was needed to send the clear signal that
Greece won’t be allowed to fall.

Schaeuble added he had understanding for the wish of some
deputies that banks be included in the rescue. But he said he
did not know how that could be implemented without talking about
restructuring debt “and destabilising the situation further.”

Schaeuble said that as a result restructuring was not
playing any role whatsoever in the negotiations with the IMF,
the EU Commission and the European Central Bank.

Schaeuble also said Germany did not have its foot on the
brakes.

“We’re pushing for a quick decision,” Schaeuble said.

Stock Market Advice

(Writing by Erik Kirschbaum; Editing by Ron Askew)

UPDATE 1-Schaeuble says Germany won’t let Greece down