German Fin-Min Schauble opposes G20 fiscal stimulus package- by Axel Schmidt

Germany's Minister of Finance Wolfgang Schaeuble said on Friday that the expansive fiscal and monetary policies implemented by governments to spur growth might have laid the foundation of the next economic crisis.

Those debt-financed fiscal policies and accommodative monetary policies had been only moderately successful in promoting growth, with public and private debt levels in the world now too high, Schaeuble said.

"Fiscal as well as monetary policies have reached their limits. If you want the real economy to grow there are no shortcuts which avoid reforms," Schaeuble said.

read more: German FinMin Schauble opposes G20 fiscal stimulus package

Greece must ditch false hopes, tackle reform, Germany’s Schaeuble says - by Brendan Greeley, Rainer Buergin and Birgit Jennen

German Finance Minister Wolfgang Schaeuble ruled out further concessions to Greece, saying it’s up to the Greek government to commit to the reforms needed to release aid rather than give false hopes to its people.

Schaeuble, speaking in a Bloomberg Television interview in New York on Wednesday, said that another debt restructuring wasn’t up for discussion now, and that Greek demands for war reparations from Germany were “completely unrealistic.”

Read more: Greece must ditch false hopes, tackle reform, Germany’s Schaeuble says - The Globe and Mail

Greece: Germany's Schaeuble praises Greek economic progress

Wolfgang Schaeuble visited Athens on Thursday amid massive police security.

During the visit he discouraged talk of Greece receiving a second write-off on its public debt owed to eurozone governments through bailout loans.

Deeply unpopular in Greece, Mr Schaeuble is viewed as the enforcer of the country's harsh austerity measures.
"I am very impressed by what Greece has already achieved in rebalancing and modernising the economy," Mr Schaeuble said, adding that Germany would contribute to a fund to provide liquidity to Greek businesses.

His visit followed several days of protests and a general strike over the new bill of austerity measures outlining the redeployment of up to 25,000 civil servants.

Read more: BBC News - Germany's Schaeuble praises Greek economic progress