Home/FX/Newsfeed

German Finance Minister Warns Greece about Election Promises

Share Print 0

Germany’s finance minister is cautioning Greek politicians against promising things they can’t deliver in upcoming elections and making clear that he opposes a new debt writedown for Athens.

Greece will hold elections Jan. 25, with polls pointing to a first-place finish for the anti-bailout Syriza party. Syriza is demanding that more than half of Greek bailout debt be canceled.

Asked about that demand, German Finance Minister Wolfgang Schaeuble said in an interview with the weekly Der Spiegel published Saturday that “this question doesn’t arise.” He said the next government must keep to existing agreements because “that is in the interest of the Greeks.”

Schaeuble was quoted as saying: “Politicians in Greece must take care that they don’t promise more before the election than they can keep afterward.”

via Mainichi

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top