BERLIN May 22 Reforms agreed by Greece are
"remarkable" but the Greek economy is not yet competitive and
Athens must press ahead with implementing its existing
reforms-for-aid programme, German Finance Minister Wolfgang
Schaeuble said on Monday.
Schaeuble, a conservative, stuck to his position that Greece
must implement its existing programme after German Foreign
Minister Sigmar Gabriel, a Social Democrat, earlier demanded the
euro zone make a concrete commitment on debt relief to Greece.
"We are not talking about a new programme but the
implementation of the programme agreed in 2015," Schaeuble said.
"At the end of the programme, in 2018, we will, if necessary,
put in place additional measures that we have defined."
"It is about one goal - namely to help Greece become
competitive," Schaeuble said, adding Greece was not there yet.
(Reporting by Noah Barkin; Writing by Paul Carrel)