Worst of eurozone crisis is over, says German finance minister

(28 Dec 2012)

schaeble 1108031t Thumbnail0It is reported in todays Irish Independent that the worst of the eurozone sovereign debt crisis is over, according to German finance minister Wolfgang Schaeuble.

In an interview to be published today, Mr Schaeuble said governments in heavily indebted countries such as Ireland and Greece have recognised that the crisis that began in Athens three years ago will only be overcome by implementing bitter reform measures.

"I believe the worst is past," he told the German daily newspaper 'Bild' in comments released ahead of publication.

"The government in Athens knows that it cannot financially overburden other eurozone countries. They are thus pushing forward with the reforms," he said.


For full report please log on to Irish Independent website



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