Schaeuble: Greek EU presidency is an opportunity for Greece and for Europe

FXstreet.com (Łódź) - German Finance Minister Wolfgang Schaeuble said on Monday in an interview for the Bild newspaper that Greece would get all the support it needs from the European Union and that taking over the EU presidency will be a “huge opportunity for the country and for Europe."

"The presidency will show the Greek people that Europe is its future," as it will spur “identity, self-confidence, pride” Schaeuble said.

He discarded the possibility of Greece taking advantage of its EU presidency to ease the conditions of the intentional bailout. He also rejected further debt writedowns for the country, signaling however that Greece could get more aid.

Moreover, the German Finance Minister commented on the easy monetary policy of central banks, which “can't last forever” and stated that first signs of the decline in the European money supply are apparent.

The interview has been published following an attack by unidentified gunmen on the German ambassador’s residence in Athens on Monday morning. No one was hurt in the incident.

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