Germany rules out immediate aid for Greece
Fri Mar 5, 2010
By Michele Sinner and Marcin Grajewski
LUXEMBOURG, March 5 (Reuters) - Germany and the chairman of the group of countries using the euro ruled out immediate financial aid for Greece before talks on Friday with Prime Minister George Papandreou.
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German Economy Minister Rainer Bruederle said each EU member state was responsible for its own affairs and Athens had to implement its austerity plan effectively. "The German government does not intend to give a cent," he said.
The crisis threatens the credibility of the euro and, despite Eurogroup reluctance to provide financial assistance, it wants to avoid Greece turning to the International Monetary Fund for help because doing so could be seen as weakness.
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