German Minister: Greek Aid Decision to Take Time
BERLIN -- Germany's finance minister says international creditors won't be rushed when it comes to approving the next batch of rescue loans for Greece.
Wolfgang Schaeuble told a German newspaper in an interview published Sunday that the so-called troika of debt inspectors likely won't deliver their report on Greece's reform program by Monday.
Weekly newspaper Welt am Sonntag quoted Schaeuble as saying that even when the report is submitted to the European Central Bank, European Union and International Monetary Fund it will have to be studied carefully.
He says Germany's parliament must have the chance to "check, discuss and decide" on the release of another 31.5 billion euros ($39.99 billion) in loans to Athens."We all ... want to help Greece, but we won't be put under pressure," Schaeuble told the paper. > > Bull or Bear? Vote in Our Poll
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts