Germany's Roesler Says 'Very Skeptical' Greece Can Be Rescued
German Vice Chancellor Philipp Roesler said he's "very skeptical" that European leaders will be able to rescue Greece and the prospect of the country's exit from the euro had "lost its terror."
Roesler, who is Germany's economy minister, told broadcaster ARD that Greece was unlikely to be able to meet its obligations under a euro-area bailout program as its international creditors hold talks this week in Athens. Should that be the case, the country won't receive more bailout payments, Roesler said.
"What's emerging is that Greece will probably not be able to fulfil its conditions," Roesler said today in an ARD summer interview. "What is clear: if Greece doesn't fulfil those conditions, then there can be no more payments."
To contact the reporter on this story: Brian Parkin in Berlin at bparkin@bloomberg.net
To contact the editor responsible for this story: Patrick Donahue at pdonahue1@bloomberg.net
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