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Germany's Gabriel: Greece needs aid program but deal difficult
February 5, 2015 / 4:48 PM / 3 years ago

Germany's Gabriel: Greece needs aid program but deal difficult

BERLIN (Reuters) - Greece needs a new aid program but it is unclear whether all sides involved will be able to come to an agreement, German Economy Minister Sigmar Gabriel said on Thursday after meeting the new Greek finance minister.

German Economy Minister Sigmar Gabriel (L) and Chancellor Angela Merkel arrive for a cabinet meeting at the Chancellery in Berlin, February 4, 2015. REUTERS/Fabrizio Bensch

“Nobody knows whether we can agree. It’s about serious talks,” Gabriel told a joint news conference with Greece’s Yanis Varoufakis in Berlin.

Prime Minister Alexis Tsipras’ 10-day-old government has said it will not extend a bailout program due to expire at the end of this month and has refused to cooperate with the so-called “troika” of international lenders.

Speaking earlier in Berlin, Varoufakis proposed a bridging program until the end of May to allow time for debt talks, vowing Greece would do everything in its power to avoid default.

Reporting by Gernot Heller; Writing by Caroline Copley; Editing by Stephen Brown

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