Wednesday, April 15, 2015

Germany Sees Greek Payment Withheld in April as Progress Elusive

April 15, 2015

The German Finance Ministry said an aid payment to Greece won’t happen this month and that negotiations between the Greek government and creditors have still failed to progress.

Speaking to reporters in Berlin Wednesday at a regular government press conference, Finance Ministry spokeswoman Friederike von Tiesenhausen said that she could “only shake my head” at a report in Die Zeit newspaper that Germany was making preparations for a possible Greek default that would allow it to stay in the euro area. “What the government is working on is that the euro region is kept together and strengthened,” she said.

While negotiations with Greece are ongoing, von Tiesenhausen said that even if Prime Minister Alexis Tsipras’s government produces a reform list, there then has to be a so-called staff level agreement to formally change the terms and conditions of the aid program.


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