26
April
Germany refuses to help Greece unless it agrees to tougher terms
26 April 2010 The Telegraph
Mr Schauble said no decision had yet been taken by Berlin or the European Union and that the outcome may yet be "negative". "It depends entirely on whether Greece goes through with the strict austerity in coming years," he told Bild Zeitung.
George Papaconstantinou, Greece's finance minister, insisted in Washington that the Germans were "completely on board" and that other EU states and the International Monetary Fund would provide a bridging loan if necessary. He said funds "will lose their shirts" if they have taken short bets on Greek debt. "I want to categorically state that any restructuring is off the table."
