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Germany dismisses idea of European fund for Greece


Source : http://www.reuters.com

February 15, 2010 - BERLIN (Reuters) : Setting up a European fund to help Greece is not a solution to Athens' debt problems, a German Finance Ministry spokesman said on Monday, dismissing an idea that has been discussed in Germany.

"That does not appear to be a solution to the problem," Finance Ministry spokesman Michael Offer told a regular news conference, adding that there was no way around Greece consolidating its public finances.

Offer said Germany did not foresee the International Monetary Fund offering financial aid to Greece, but that it could provide "technical support" on the matter.

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