Schaeuble brands Samaras's task Herculean

German Finance Minister Wolfgang Schaeuble branded the task of new Greek Prime Minister Antonis Samaras “Herculean” and said it is up to the government to explain to its people what the country needs.

In an interview to French newspaper Le Figaro, Schaeuble was asked whether he was confident Samaras would do what is necessary to prevent Greece from provoking any new turbulence in September.

Schaeuble responded: “Samaras’s task is Herculean. The financial problems of Greece stretch back several decades. The people are now confronted with a serious crisis that needs adjustment, but there is not one road to concentrate all efforts.

“We are ready to assist Greece, but it should not go back on its structural reforms. There is no easy solution, if Greece wants to regain access to the financial markets.

“For internal political reasons, the application of the bailout program has been delayed. Now the troika will have to examine the situation with the new Greek government, and then it will have to say what will be the consequences. Yet it is up to the Greek government to explain to the people what is necessary for the country,” Schaeuble concluded. 

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