Wolfgang Schauble and Venezelos both attended a meeting of the IMF in Washington, D.C. Wolfgang warned that Greece needed to take decisive steps. If they don’t, the second Greek bailout might not be manageable. Greece might not be able to continue with its heavy debt without a default. He also adds that though he expects Greece to get the next 8 billion euros from the first Greek bailout, the second bailout will have far different terms.
Venezelos says he’s not aware that the terms of the second Greek bailout have changed since July.
It’s obvious that Wolfgang Schauble and Venezelos don’t see eye to eye. But then neither does Greece and the rest of Europe!