Germany Fin Min Schaeuble Does Not See Future EU Bailouts

German Finance Minister Wolfgang Schaeuble says the eurozone’s problems are not solved, but “we are in a much better shape than we used to be some years ago.” Asked whether he foresaw any further bailouts coming, he replied: “No, no I don’t see.”
In a rare interview, conducted in English, he said: “If Chancellor Merkel (is) reelected I am confident that we will continue to work for a stronger Europe — that’s our general position. We don’t want a German Europe but we want a strong Europe and that means every member state including Germany has to increase its competitiveness,” Schaeuble said.
“A stronger Europe means that everyone has to do its duty and not to ask for more money by others — that’s the wrong way to get a strong Europe, that’s the wrong incentive.”
His comments come ahead of the September 22 election, as Merkel faces a German electorate weary of Europe’s largest economy helping to bail out troubled eurozone nations, whose debt woes have threatened the stability of the currency.
Greece, along with three other eurozone countries — Portugal, Ireland and Cyprus — remain dependent on rescue loans from the EU and International Monetary Fund (IMF).

via CNN

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