'Greece's fate is in its own hands,' German foreign minister says

German Foreign Minister Guido Westerwelle on Friday warned Greece that continued international aid depends on the implementation of economic reforms.

“We stand by our commitments... but Greece's fate is in its own hands,” Dow Jones quoted him as telling the German parliament.

Westerwelle reiterated Berlin's position that Greece must introduce the economic reforms agreed with the so-called troika – the European Commission, European Central Bank, and the International Monetary Fund – adding that the fiscal pact on budget discipline cannot be renegotiated, as demanded by new French President Francois Hollande.

"The fiscal pact is done,» he said. «We want to get away from a policy of making debt."


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