Greece must agree plan with creditors to get help: Schaeuble

Greece must agree plan with creditors to get help: Schaeuble
German Finance Minister Wolfgang Schaeuble

ISTANBUL - German Finance Minister Wolfgang Schaeuble said Monday that Greece needs to agree a full programme with its creditors if it wants to secure European financial help for its debt crisis.

"If they want our help, there needs to be a programme" agreed with creditors, rather than the emergency assistance that Athens has called for, he said, after arriving at a G20 meeting in Istanbul.

"I still don't understand how they (Greece) want to do it," he added.

New leftist Greece Prime Minister Alexis Tsipras vowed he would be "unshakeable" in implementing his anti-austerity election promises, in comments sure to annoy Berlin, which wants eurozone states to obey strict fiscal rules.

"It is not us who need a programme. Germany has no need of a programme," said Schaeuble, who is known for his acerbic comments on Greece's situation.

"I am ready to give all the help that is wanted but if they do not want my help then very well," he said.

"I do not know what the financial markets would do without a programme (for Greece) but perhaps (Tsipras) knows better than me," he added.

Tsipras, on a visit to Vienna on Monday, told a press conference alongside Austria's Chancellor Werner Faymann: "There is a common desire to resolve this crisis. I am optimistic that we will reach a compromise with our European partners."

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