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No German money for Greek ”bottomless pit”: minister


Germany will not “pour money into a bottomless pit” and patience with Greece is growing thin ahead of a new election in the Mediterranean country, a conservative member of Chancellor Angela Merkel’s cabinet was quoted on Saturday as saying.

Interior Minister Hans-Peter Friedrich told the Leipziger Volkszeitung newspaper that Germany, Europe’s largest economy and the biggest contributor to rescue efforts, is glad to help Greece help itself but expects it to honor its agreements.

“We’re not willing to pour money into a bottomless pit,” he told the newspaper.

“Anyone who wants to see help and solidarity from us has to accept that we expect from that country a certain amount of seriousness and a certain amount of reasonableness.”

Friedrich, who has long been a hardliner in Merkel’s cabinet on Greece, became the first German minister in February to openly call for the country to leave the euro zone.

(Excerpt) Read more at reuters.com …

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