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Germany: Greek Parliament Needs To Provide Clarity On Measures
BERLIN (Dow Jones)--Greece's parliament needs to provide clarity on how additional budget consolidation measures will be put into practice if the troubled euro-zone country is to receive further aid, a German government spokesmen said Monday.
Among the measures needed are further austerity and privatization efforts, German finance ministry spokesman Martin Kreienbaum said at a regular government press conference.
"Greece now needs to show that it is capable of putting those points into practice," Kreienbaum said.
Those decisions by the Greek parliament are a key prerequisite for the final compliance report on the current Greek rescue program agreed with the International Monetary Fund, the European Central Bank and the European Commission, he added.
The troika of institutional creditors said in a previous report that Greece was behind on its fiscal targets and has asked for further measures from the country as a condition for additional aid.
Completion of the outstanding final compliance report will be the basis of any decision on a fresh aid package, Kreienbaum said.
Steffen Seibert, the spokesman for German Chancellor Angela Merkel, at the same press conference said that Greece's European partners have no influence on the setting up of the country's government, or how the opposition in Athens will act.
"We can only call for a support of the course of the government of [Prime Minister George] Papandreou," Seibert said. "Beyond that, I don't see further possibilities of influence."
Papandreou is seeking parliamentary approval Tuesday for his new reshuffled cabinet and more austerity measures.
BERLIN (Dow Jones)--Greece's parliament needs to provide clarity on how additional budget consolidation measures will be put into practice if the troubled euro-zone country is to receive further aid, a German government spokesmen said Monday.
Among the measures needed are further austerity and privatization efforts, German finance ministry spokesman Martin Kreienbaum said at a regular government press conference.
"Greece now needs to show that it is capable of putting those points into practice," Kreienbaum said.
Those decisions by the Greek parliament are a key prerequisite for the final compliance report on the current Greek rescue program agreed with the International Monetary Fund, the European Central Bank and the European Commission, he added.
The troika of institutional creditors said in a previous report that Greece was behind on its fiscal targets and has asked for further measures from the country as a condition for additional aid.
Completion of the outstanding final compliance report will be the basis of any decision on a fresh aid package, Kreienbaum said.
Steffen Seibert, the spokesman for German Chancellor Angela Merkel, at the same press conference said that Greece's European partners have no influence on the setting up of the country's government, or how the opposition in Athens will act.
"We can only call for a support of the course of the government of [Prime Minister George] Papandreou," Seibert said. "Beyond that, I don't see further possibilities of influence."
Papandreou is seeking parliamentary approval Tuesday for his new reshuffled cabinet and more austerity measures.
