German FinMin: I don't know if Greece will be in a programme by July 20
German Finance Minister Wolfgang Schaeuble on Wednesday said he was unable to make any prediction on what will happen in coming weeks with respect to Greece, or whether the country will have agreed to a new programme by July 20 when it must repay 3.5 billion euros to the European Central Bank (ECB).
"We are open to everything, he added but also pointed out that the situation was now "completely different" in the wake of Greece's failure to pay the IMF. Greece's programme had now expired and the political will must now be found for a completely new programme, whose conditions would be "rather different," and harder to negotiate, he said.
