German Finance Minister Wolfgang Schaeuble doused expectationsof a positive outcome for Greece at an emergency meeting with itsofficial creditors tomorrow, saying there are no plans to give thecountry more time.

Speaking to reporters in Istanbul after a two-day meeting offinance chiefs from the Group of 20, Schaeuble said “it's over” ifGreece doesn't want the final tranche of the current aid program.Greece's creditors also “can't negotiate about something new,”Schaeuble said.

Greek government bonds had risen today for the first time infive days on optimism there might be room to move toward anagreement that will help ensure the nation isn't left short of funds. That had come after Greece had offeredcompromises in a bid to push for a bridge plan to stave off afunding crunch and to buy time for negotiations to ease austeritydemands.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.