Schaeuble: Greek proposal lacks clarity

Gazzetta team
Schaeuble: Greek proposal lacks clarity
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At this moment there is no basis for serious negotiation with Greece, German Finance Minister Wolfgang Schaeuble stated and underlined that the Greek proposal lacks clarity. The Greeks must state clearly what they want, he said and noted that there was no agreement at Tuesday's Eurogroup but the Finance Ministers said that the door is open for deliberations.

He also stressed that with the expiration of the second programme, a new situation is created and whatever new programme should be included within the ESM framework.

"It is a difficult situation for Greece," he stated and predicted that the new deliberations will be held under more difficult conditions and put the blame on Greece for "its unexplicable behaviour."

Referring to Sunday's referendum, the German Finance minister reiterated that the Greeks cannot accept or reject the agreement because it does not exist anymore and did not exist whatsoever.