Germany stresses Greek aid conditionality


(MENAFN- Saudi Press Agency) German officials are insisting that Greece can only hope to receive aid from the eurozone's rescue fund if it accepts conditions in return, according to AP.

Finance Ministry spokesman Martin Jaeger said Monday the rules underpinning the fund, the European Stability Mechanism, clearly specify that all aid is subject to conditions.

He said that 'it is simply not legally possible to back away from this principle.'

Chancellor Angela Merkel's spokesman, Steffen Seibert, echoed that sentiment: 'We are stressing the principle that solidarity is inseparable from (a country's) own efforts, and we see that this principle has brought significant success in the past few years.'

Seibert says Germany will wait and see what proposals Greece makes to its European partners.


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