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UPDATE 1-Schaeuble says Germany won't let Greece down

Published 04/27/2010, 02:05 PM
Updated 04/27/2010, 02:44 PM

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BERLIN, April 27 (Reuters) - German Finance Minister Wolfgang Schaeuble said Germany will not let Greece down and that the Berlin government is pushing for a quick decision on emergency aid for Greece.

In an interview to appear in Wednesday's Handelsblatt newspaper, Schaeuble said: "What has to be done now...is to send a clear signal that we won't let Greece down."

Schaeuble took aim against members of parliament in Chancellor Angela Merkel's centre-right government who have expressed reservations about the Greek aid package.

"Let me say this clearly: this does not involve any debt restructuring, that's not an issue and that's not something that anyone in the government is talking about," Schaeuble said, according to an advance excerpt of the interview.

He added that the issue at hand is putting into concrete form and enacting an aid package formulated by the Eurogroup on April 11. He said that was needed to send the clear signal that Greece won't be allowed to fall.

Schaeuble added he had understanding for the wish of some deputies that banks be included in the rescue. But he said he did not know how that could be implemented without talking about restructuring debt "and destabilising the situation further."

Schaeuble said that as a result restructuring was not playing any role whatsoever in the negotiations with the IMF, the EU Commission and the European Central Bank.

Schaeuble also said Germany did not have its foot on the brakes.

"We're pushing for a quick decision," Schaeuble said.

(Writing by Erik Kirschbaum; Editing by Ron Askew)

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