German Finance Minister Wolfgang Schaeuble made several statements on Wednesday regarding Greece’s negotiations with the creditors as well as the sustainability of the country’s debt.
According to the German Minister, Greece must find alternatives if the country cannot deliver on pension reforms as the government is trying to complete the first evaluation with the creditors‘ representatives in April.
As Wolfgang Schaeuble told Reuters, “If, for reasons that we know about, there is not much room for manoeuvre in pension reforms, then the three institutions must together with the Greek government work on finding something else to do instead.”
The German Minister also told Reuters that “The debate about debt sustainability is unfortunately a debate about something that is not urgent. He also added that boosting competitiveness and implementing structural reforms are more urgent tasks.