Germany will not ‘pour money’ into Greek black hole, warns Angela Merkel ally

greece2_3289279bGreece will not get any more cash from Europe until it takes steps to settle its arrears with the International Monetary Fund and presents a credible package of reforms, according to a senior German politician. Michael Fuchs, a close ally of German Chancellor Angela Merkel and deputy chairman of the ruling CDU/CSU coalition, rejected Greece’s latest bail-out plea and said Germany would not “pour money” into a country that refused to change. Mr Fuchs said the tone of negotations had been soured by the Greek government’s shock call for a referendum on creditor demands for a deal, branding it a “stupid” idea that had strained relations between the parties. Read Article

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