Article 36N5 Hopes fade for early end to Greece debt crisis as Germany digs in

Hopes fade for early end to Greece debt crisis as Germany digs in

by
Larry Elliott, economics editor
from on (#36N5)

German finance minister Wolfgang Schiuble blames Syriza-led coalition for impasse and 'acting irresponsibly'

The chances of an early end to Greece's standoff with its eurozone partners appeared to be fading as Germany adopted a hardline approach to easing the debt burden on Athens ahead of crisis talks in Brussels.

Wolfgang Schiuble, Germany's finance minister, said the Syriza-led coalition government headed by Alexis Tsipras was "acting irresponsibly" and that he felt sorry for the Greek people.

"I feel sorry for the Greeks at the moment. They've elected a government which is currently acting irresponsibly," Schiuble said.

"Kicking cans down roads is the EU's forte and the most likely outcome of negotiations with Greece is still that a temporary deal is reached so that talks can continue and funding be maintained for now."

"It appears unlikely that there will be even a short-term 'bridge' agreement between Greece and the euro group at today's meeting, but it is to be hoped that some further common ground can be found."

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