Schaeuble denies 'Grexit' threat, says Greece on right path

Reuters News
Posted: Feb 19, 2017 11:40 AM

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble denied in an ARD television interview on Sunday that he had said Greece would have to leave the euro zone if it failed to implement reform measures.

Schaeuble said Greece would not have any problems if it implements the agreed-upon reforms, but added the country would have problems if it fails to carry out those promised reforms.

"I never made any ('Grexit') threats," Schaeuble told ARD's Bericht aus Berlin program just before the network played recent comments in which he said Greece was "not yet over the hill" and the "pressure needed to stay on" Greece or it "couldn't stay in the currency union."

Schaeuble replied that is the same message that Greece is receiving across the board from the International Monetary Fund to European Stability Mechanism chief Klaus Regling. "If Greece carries out the reforms, there won't be any problems. If they don't, then there will be problems."

Schaeuble added he was optimistic about Greece. "I'm confident. Greece is on the right path."

(Reporting by Erik Kirschbaum)